the Massachusetts Institute of Technology. …

This paper investigates the determinants of vertical integration using data from the UK manufacturing sector. We find … vertically integrated when the producing industry is more technology intensive and the supplying industry is less technology … producer\\\'s costs. These results are generally robust and hold with alternative measures of technology intensity, with …

relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate … these predictions using plant-level data for the UK manufacturing sector. Most importantly, and consistent with theory, we … find that the technology intensities of downstream (producer) and upstream (supplier) industries have opposite effects on …

, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which …

– due to automation and new tasks – can be inferred from industry-level data. Our empirical decomposition suggests that the …