In the German automobile industry the vertical integration, as an indicator of value added, is on average low. Beyond the argument of relative high labour costs for manufacturing, several specific reasons for the level of vertical integration, linked to the flexibility of business administration...

The paper explores incentives for strategic vertical separation of firms in a framework of a simple duopoly model. Each firm chooses either to be a retailer of its own good (vertical integration) or to sell its good through an independent exclusive retailer (vertical separation). In the latter...

In der vorliegenden Untersuchung wird die operative Entscheidung über Eigenfertigung und Fremdbezug betrachtet. Exemplarisch wird dargelegt, dass klassische Entscheidungshilfen unwirtschaftliche Ergebnisse hervorbringen. Die qualitative und quantitative Fehlspezifikation der Fremdbezugsprodukte...

Die Entscheidung zwischen Eigenerstellung oder Fremdbezug bestimmter Erzeugnisse wird in der Betriebswirtschaftslehre traditionell anhand kostenorientierter Kriterien gefällt, die die Mehrkosten des Fremdbezugs betrachten. In diesem Beitrag wurde gezeigt, daß dieses Entscheidungskriterium...

The issue of technical progress under uncertainty is nested into the debate on vertical integration vs outsourcing, to show that, in general, the former is preferable to the latter in terms of both expected profits and technological efficiency. It is then shown that there exist (i) an optimal...

The make-or-buy decision is analyzed in a simple framework combining contractual incompleteness with the existence of imperfect but contractible performance measures. Contractual incompleteness gives rise to two regimes, identified with make and buy. The performance measure on which...

The make-or-buy decision is analyzed in a three-layer principal-management-agent model. There is a cost-saving/quality tradeoff in effort provision. The principal chooses between employing an in-house management and contracting with an independent management; the cost-saving incentives facing...

The tremendous growth of markets for credit derivatives since the mid 1990's has raised questions regarding the role of these instruments in the banking in- dustry which is heavily exposed to credit risk. However, while recent literature mainly focused on pricing and optimal decisions regarding...