We investigate the incentives for vertical or horizontal integration in the financial security service industry, consisting of trading, clearing and settlement. We thereby focus on firms' decisions but also look on the implications of these decisions on competition and welfare. Our analysis...

В статье рассмотрена проблема взаимодействия государственного регулирования и микроэкономических политик отдельных корпораций на рынке черных металлов в...

Рассмотрены особенности формирования холдинговых структур, виды интеграции, а также их роль в обеспечении конкурентоспособности экономики.

В статье рассматриваются методологические положения изучения комплексообразующих признаков и факторов организации туристско-рекреационного комплекса,...

Drawing on extensive empirical research over the last decade, this paper analyses the changes in the corporate structure of the North American natural gas industry which have been stimulated by liberalisation, and considers whether they are likely to be imitated in the context of the increasing...

What determines how integrated a firm is? We emphasize the benefits of "control" when there are difficulties in writing complete contracts. We define the firm as being composed of its assets. We present a theory of costly contracts which emphasizes that contractual rights can be of two types:...

This article documents the recent advances in the international trade literature toward understanding the role of multinational firms in the conduct of international commerce. Over the past 10 years, we have developed a better understanding of the incentives firms face in their choice of...

In modeling the foreign direct investment (FDI) behavior of firms, existing studies tend to classify multinational enterprises’ (MNEs) production activities into two broad strategies, namely, standard vertical integration and horizontal integration. In practice, the production behavior of...

Статья посвящена проблемам становления промышленных холдингов в металлургическом комплексе Челябинской области. Авторами рассмотрены исторические и...