Showing 1 - 10 of 4,464
This paper tests whether product market competition affects vertical integration through the price channel. The … variation in competition within the coal mining industry. We document a 28% reduction in the incidence of vertical integration … among the treatment group following exposure to more product market competition. Consistent with recent organizational …
Persistent link: https://www.econbiz.de/10013014576
We examine a vertical integration decision within the commercial banking industry. During the last quarter of the 20th century, some community banks reduced their traditional reliance on correspondent banks for upstream products and services by joining bankers' banks, a form of business...
Persistent link: https://www.econbiz.de/10012940634
incomplete contracts. Our setting is the U.S regional airline industry. Regional airlines operate flights for major carriers …
Persistent link: https://www.econbiz.de/10014027436
propositions state that hub airlines and hub airports seek specialized governance structures, while value-based carriers and base … airports enter into long-term contracts supported by complementary safeguards. These privately crafted governance modes …
Persistent link: https://www.econbiz.de/10014209724
To explain organizational decisions in multistage production processes we assume a production process with one producer and two suppliers of which one is the firm's direct supplier and the other one is the supplier of the supplier. The firm decides only on the organizational form of her direct...
Persistent link: https://www.econbiz.de/10010491155
Local and regional policy makers are acquiring an increasingly active role in affecting firms' specialization decisions that in turn influence firms' vertical organization. We analyse the relation between vertical integration incentives and trade liberalization in the presence of glocal...
Persistent link: https://www.econbiz.de/10011714316
The paper addresses the effect of technological progress on the frontiers of the firm, building on transaction cost theory and agency theory. The model incorporates four types of costs: production, coordination, management, and transaction costs. The market has lower production costs, but higher...
Persistent link: https://www.econbiz.de/10005838747
I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non-contractible investment. In equilibrium,...
Persistent link: https://www.econbiz.de/10008756407
The theory of the firm suggests that firms can respond to poor contract enforcement by vertically integrating their production process. The purpose of this paper is to examine whether firms' integration opportunities affect the way contract enforcement institutions determine international trade...
Persistent link: https://www.econbiz.de/10010664754
I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non- contractible investment. In equilibrium,...
Persistent link: https://www.econbiz.de/10011084191