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Price Control In Franchised Chains: The Case Of McDonald's Dollar Menu
Ater, Itai; Rigbi, Oren - Economics Department, Ben Gurion University of the Negev - 2012
We analyze price patterns at franchised and corporate-owned McDonald's outlets in 1999 and 2006 and find that prices at franchised outlets were higher than those at corporate outlets. The price difference between franchised and corporate outlets decreased between 1999 and 2006 but only for items...
Persistent link: https://www.econbiz.de/10011272228
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Completing contracts ex post: How car manufacturers manage car dealers
Arruñada, Benito; Garicano, Luis; Vázquez, Luis - Department of Economics and Business, Universitat … - 1998
in 23 dealership networks in Spain. Franchising dominates automobile distribution because of the need to decentralize …
Persistent link: https://www.econbiz.de/10005772526
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Determinantes de la intensidad franquiciadora: un enfoque de agencia
Perales, Narciso; Vázquez, Luis - In: Investigaciones Economicas 27 (2003) 1, pp. 151-172
franchise its outlets. The analysis of a sample of Spanish franchise networks shows that franchising is more likely when: a) the …
Persistent link: https://www.econbiz.de/10005736189
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Revenue versus incentive: Theory and empirical analysis of franchise royalties
Maruyama, Masayoshi; Yamashita, Yu - In: Journal of the Japanese and International Economies 34 (2014) C, pp. 154-161
This paper analyzes royalty rates in franchise contracts, focusing on the two leading hypotheses. We consider whether royalty payments are simply the means for franchisors to acquire revenue from franchisees (revenue hypothesis), or are to preserve incentives for the franchisors to exert...
Persistent link: https://www.econbiz.de/10011077356
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Economic rents in franchising: Do they exist?
López-Fernández, Begoña; López-Bayón, Susana - In: Economics Letters 113 (2011) 2, pp. 195-198
This work demonstrates the very existence of economic rents in franchising using, for the first time, the franchisees …’ actual financial statements. This finding makes franchising more appealing for applicants and supports the hypothesis that …
Persistent link: https://www.econbiz.de/10011041712
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Franchising. A Literature Review on Management and Control Issues
Verbieren, S.; Cools, M.; Abbeele, A. Van den - In: Review of Business and Economics LIII (2008) 4, pp. 398-443
This article provides an overview of the recent literature on franchising, with special attention to management control … issues. Based on an analysis of franchising articles published in twenty-five high-impact journals over the period 1996 … franchise, franchise performance and control of franchising relationships. Several research gaps and avenues for future research …
Persistent link: https://www.econbiz.de/10008684335
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Performance Consequences of Mandatory Increases in Executive Stock Ownership
Core, John E. - 2009
We examine a sample of firms that adopt quot;target ownership plans,quot; under which managers are required to own a minimum amount of stock. We find that prior to plan adoption, such firms exhibit low managerial equity ownership and low stock price performance. Managerial equity ownership...
Persistent link: https://www.econbiz.de/10012722219
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Uncertainty, Opportunism and Governance : The Effects of Volatility and Ambiguity on Formal and Relational Contracting
Carson, Steve - 2005
Volatility and ambiguity are generally thought to create exchange situations more conducive towards opportunism. We examine the effectiveness of contractual and relational governance in constraining opportunism under volatility and ambiguity. We hypothesize that relational contracts will be...
Persistent link: https://www.econbiz.de/10012737219
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Organized Markets in Pre-Industrial Europe
Kohn, Meir - 2003
Pre-industrial Europe was served by a network of market centers - market towns, fairs, and commercial cities. Within these centers, there were organized markets that lowered the cost of trading. An organized market provided traders with information, facilities for trading, a system of...
Persistent link: https://www.econbiz.de/10012739517
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Property, Aspen, and Refusals to Deal
Meese, Alan J. - 2008
Persistent link: https://www.econbiz.de/10012774320