of vertical integration and delegation for a large set of firms from many countries and industries. In line with the … model’s predictions, we obtain three main results: (i) integration and delegation co-vary positively; (ii) producers are …

of vertical integration and delegation for a large set of firms from many countries and industries. In line with the … model's predictions, we obtain three main results: (i) integration and delegation co-vary positively; (ii) producers are …