A micro-analytic approach based on an integration of elements from Agency and Transactions-cost theories, was followed to develop a theoretical framework for characterizing vertical coordination decisions at the firm level. Vertical coordination modes were defined as all possible arrangements...

This paper classifies empirical research on vertical integration under four approaches--value-added-to-sales, qualitative-quantitative, input-output and microanalytic. The emphasis here is on the microanalytic approach which has accumulated the most systematic evidence to support its theoretical...

Following an efficiency perspective and a micro-analytic approach, this paper provides an organizational economics foundation to guide managers in matching the comparatively more efficient organizational mode with firm-level transactions possessing certain transactional characteristics. In...