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Although empirical studies show that common shareholding affects corporate conduct and that common horizontal shareholding lessens competition, critics have argued that the law should not take any action until we have clearer proof on the causal mechanisms. I show that we actually have ample...
Persistent link: https://www.econbiz.de/10012849569
This proposal is an incipient attempt at the consolidation of what Axelsson (1992) calls the ‘missing' perspective in the Strategic Management field. By building upon the basic and realistic premise of a ‘co-opetitive' business world wherein competition and cooperation coexist alongside...
Persistent link: https://www.econbiz.de/10013144410
Coase (1937) famously asked: if the price mechanism is efficient, why are there firms? His answer, following his identification of firms as “islands of conscious power,” was that using the price mechanism is costly and due to transaction costs it is efficient to integrate production...
Persistent link: https://www.econbiz.de/10013146956
Incorporating the extension of exclusive dealing into Cournot competition, we analyze the multiproduct downstream firms' choice of organizational form between U-form and M-form. With managerial delegation in downstream firms, we find that choosing U-form for the downstream firms is a dominant...
Persistent link: https://www.econbiz.de/10013243596
In this paper we investigate the ways in which new forms of organization enabled by digital technologies such as crowdsourcing and digital marketplaces are allowing firms to circumvent and defy traditional knowledge constraints. This is part of the broader question of when and why these forms of...
Persistent link: https://www.econbiz.de/10013244182
The scope of the activities performed by the platform sponsor vis-à-vis the complementors is one of the key decisions that platform sponsors must continually make. Yet, the implications of alternative scope decisions are not well understood. This article delves deeper into platform sponsors’...
Persistent link: https://www.econbiz.de/10013244706
Tech giants are commonly referred to as ‘platforms’ in our everyday language and academic circles. Some refer to ‘the platform economy’, or the ‘platformization of the Web’. But our legal language requires more nuance as putting all these companies in the same basket has significant...
Persistent link: https://www.econbiz.de/10013245982
Persistent link: https://www.econbiz.de/10013062608
This paper is about a set of interrelated labour law initiatives called quot;supply chain regulation.quot; This set of labour law initiatives signal the progressive transcendence of direct employment as a focus of labour law. Supply chain regulation originated as a response to the exploitation...
Persistent link: https://www.econbiz.de/10012753929
Common ownership exists when investors concurrently hold partial and significant shares in related firms. In this paper, I compile, document, and taxonomize 30 separate cases of intervention to demonstrate how common owners influence firm behavior. Although previous literature has identified a...
Persistent link: https://www.econbiz.de/10012827564