Similar Search Results

Supply Chain Risk : Changes in Supplier Composition and Vertical Integration

Ersahin, Nuri; Giannetti, Mariassunta; Huang, Ruidi - National Bureau of Economic Research - 2023

Using textual analysis of earnings conference calls, we quantify firms' supply chain risk and its sources. Our proxy for supply chain risk exhibits large cross-sectional and time-series variation that aligns with reasonable priors and is unprecedently high during the Covid-19 pandemic. In...

Persistent link: https://www.econbiz.de/10014250152

United States Steel's Acquisition of the Great Northern Ore Properties : Vertical Foreclosure or Efficient Contractual Governance?

Mullin, Joseph C. - 1996

qualitative evidence to support an alternative view that the lease generated a net efficiency gain, resulting in lower steel …

Persistent link: https://www.econbiz.de/10012473180

Evidence for the Effects of Mergers on Market Power and Efficiency

Blonigen, Bruce A. - 2016

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …

Persistent link: https://www.econbiz.de/10012455930

Do Mergers and Acquisitions Improve Efficiency? Evidence from Power Plants

Demirer, Mert; Karaduman, Ömer - National Bureau of Economic Research - 2024

effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired … plants, beginning five months after acquisitions. Efficiency gains rise to 5% under direct ownership changes, with no … significant change when only parent ownership changes. Investigating the mechanisms, three-quarters of the efficiency gain is …

Persistent link: https://www.econbiz.de/10014635690

Keiretsu and Relationship-Specific Investment : A Barrier to Trade?

Spencer, Barbara J. - 2000

determined by bargaining after investment has been sunk. Although this investment raises efficiency, it limits the range of …

Persistent link: https://www.econbiz.de/10012471203

Incomplete Contracts and Industrial Organization

Grossman, Gene M. - 1999

We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...

Persistent link: https://www.econbiz.de/10012471481

Structural Empirical Analysis of Contracting in Vertical Markets

Lee, Robin S.; Whinston, Michael D.; Yurukoglu, Ali - National Bureau of Economic Research - 2021

This chapter presents an overview of advances in the structural analysis of contracting in vertical markets over the past fifteen years. We provide a discussion of theoretical models of contracting and bargaining that form the basis of recent empirical work, and then present common approaches...

Persistent link: https://www.econbiz.de/10012629502

Does Physician-Hospital Vertical Integration Signal Care-Coordination? Evidence from Mover-Stayer Analyses of Commercially Insured Enrollees

Encinosa, William E.; Dor, Avi; PhuongGiang Nguyen - National Bureau of Economic Research - 2021

We examine the impacts of physician-hospital integration on care fragmentation and other measures of care-coordination using a dynamic model of movers and stayers in commercially insured plans. Although recent growth in the share of practicing physicians belonging to these vertical organizations...

Persistent link: https://www.econbiz.de/10012794636

Vertical Differentiation in Frictional Product Markets

Albrecht, James W.; Menzio, Guido; Vroman, Susan B. - National Bureau of Economic Research - 2021

We consider a version of the imperfect competition model of Butters (1977), Varian (1980) and Burdett and Judd (1983) in which sellers make an ex-ante investment in the quality of their variety of the product. Equilibrium exists, is unique and is efficient. In equilibrium, search frictions not...

Persistent link: https://www.econbiz.de/10012794645

Organizing Global Supply Chains : Input Cost Shares and Vertical Integration

Berlingieri, Giuseppe - 2018

We study how the technological importance of inputs - measured by cost shares - is related to the decision to "make" or "buy" that input. Using detailed French international trade data and an instrumental variable approach based on self-constructed input-output tables, we show that...

Persistent link: https://www.econbiz.de/10012480937

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