We study the rationale for the use of exclusivity to protect transfer of technology in subcontracting agreements. The legal possibility arises through the EU Notice on Subcontracting. Empirically, the link between exclusive agreements and technology transfer among firms in the automotive supply...

We develop a model of international roaming in which mobile network operators (MNOs) compete both on the wholesale market to sell roaming services to foreign operators and on the retail market for subscribers. The operators own a network infrastructure only in their home country. To allow their...

This paper studies a model where exclusive dealing (ED) can both promote investment and foreclose a more efficient supplier. While investment promotion is usually regarded as a pro-competitive effect of ED, our paper shows that it may be the very reason why a contract that forecloses a more...

It is widely believed that vertical integration in an environment without foreclosure, or more generally without any mechanism that restricts competition among firms, raises the welfare of consumers. In this paper we show that this can be overturned in a standard setting. We consider a vertical...

The objective of this study is to estimate the socioeconomic impact of the deployment of last-mile digital infrastructure in Latin America and the Caribbean. To measure the impact of the economic and social aspects of this type of infrastructure, the analysis differentiates according to the...

The objective of this study is to estimate the socioeconomic impact of the deployment of last-mile digital infrastructure in Latin America and the Caribbean. To measure the impact of the economic and social aspects of this type of infrastructure, the analysis differentiates according to the...

The objective of this study is to estimate the socioeconomic impact of the deployment of last-mile digital infrastructure in Latin America and the Caribbean. To measure the impact of the economic and social aspects of this type of infrastructure, the analysis differentiates according to the...

We study the optimal management of evolving hierarchies, which abound in real-life phenomena. An initiator invests into finding a subordinate, who will bring revenues to the joint venture and who will invest herself into finding another subordinate, and so on. The higher the individual...

This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple model with nancial imperfections andincomplete contracts. Then, we investigate these...