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Many successful franchise chains directly own a positive fraction of stores --- a structure referred to as plural form. We propose that this ownership structure is chosen as a commitment not to expropriate franchisees. The theoretical model is based on an empirical analysis of contract and...
Persistent link: https://www.econbiz.de/10010264919
Persistent link: https://www.econbiz.de/10010305787
This paper studies the efficiency impacts of private toll roads in initially untolled networks. The analysis allows for capacity and toll choice by private operators, and endogenizes entry and therewith the degree of competition, distinguishing and allowing for both parallel and serial...
Persistent link: https://www.econbiz.de/10010325235
Management scholars have long stressed the importance of evolutionary processses for inter-firm cooperation but have mostly missed the promising opportunity to incorporate ideas from evolutionary theories into the analysis of collaborative arrangements. In this paper, we first present three...
Persistent link: https://www.econbiz.de/10010266728
In many circumstances, a principal, who wants prices to be as low as possible, must contract with agents who would like to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent bidding the lowest price (competition for the field) with...
Persistent link: https://www.econbiz.de/10010369246
The paper investigates survival patterns of Brazilian franchising firms during the 1994-1999 period. First, at a more … indicated a drastic decay in survival after only a few years and contrasts with the higher survival of firms in the franchising …
Persistent link: https://www.econbiz.de/10010274734
In this paper we investigate an example of a very widely applied model for the delivery of IT services to rural and poor populations. The model is one where limited intervention to support infrastructure and coordinate resources is combined with market-based delivery of IT services to the end...
Persistent link: https://www.econbiz.de/10010322725
Consider a government that auctions a franchise for, e.g., an airport, telecommunication network, or utility. Consider an 'incumbent bidder' that owns a complement or substitute. With an auction on the transfer (i.e. payment) to the government, the incumbent is advantaged.If the government...
Persistent link: https://www.econbiz.de/10010326435
the franchise chains with which they wish to enter into business. Working within the framework of signaling theory, this …
Persistent link: https://www.econbiz.de/10011659892
Franchising is a commercial form which enables firms to successfully penetrate the market and expand in an environment … many years and the high penetration in the different sectors mean that franchising in Italy has a high degree of … competitiveness and maturity. All this, along with the scarcity of studies about strategic groups in franchising in Italy, justifies …
Persistent link: https://www.econbiz.de/10011995023