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On the Notion of Restriction of Competition : What We Know and What We Don't Know We Know

Ibáñez Colomo, Pablo - 2016

This piece presents systematically the contributions that the EU courts have made to the understanding of the notion of restriction of competition over the years. It examines, first, the issues around which there is consensus among commentators. It is undisputed, for instance, that a restriction...

Persistent link: https://www.econbiz.de/10012981477

Global Sourcing and Business & Social Networks : Quality Heterogeneity and Firms’ Efficiency

Vittucci Marzetti, Giuseppe; Segnana, Maria Luigia; … - 2010

Global sourcing can increase firms’ productivity via the quality upgrading of intermediates, but, because of the heterogeneity of suppliers, it also increases screening costs of final firms given the need to search for good suppliers. We build up a simple model to analyze these factors and...

Persistent link: https://www.econbiz.de/10014199189

Joint Ownership of Production Projects as a Commitment Device Against Interest Groups

Berardi, Nicoletta; Seabright, Paul - 2013

This paper investigates a hitherto unexplored rationale for firms to have joint ownership of a production project. We model risky projects with autocorrelated productivity shocks as creating an option value of investing over time so that later investments benefit from the information revealed by...

Persistent link: https://www.econbiz.de/10014164412

Relational Adaptation

Baker, George; Gibbons, Robert S.; Murphy, Kevin J. - 2022

ask how governance structures (allocations of control) can facilitate relational contracts that improve on spot adaptation …. We show that the optimal governance structure for implementing a given relational contract minimizes the maximum … aggregate reneging temptation created by that relational contract. We thus explore how formal governance structures support self …

Persistent link: https://www.econbiz.de/10014236439

Franchising Structure Changes and Shareholder Value : Evidence from Store Buybacks and Refranchising

Sadovnikova, Anna; Kacker, Manish; Mishra, Saurabh - 2023

Drawing on agency theory and transaction cost analysis, this study investigates the impact of refranchising and buybacks of downstream retail units by franchising firms on shareholder value (i.e., stock returns). It further evaluates the contingency role of firm and industry factors in shaping...

Persistent link: https://www.econbiz.de/10014254695

IT Outsourcing in Finnish Business

Maliranta, Mika; Rouvinen, Petri; Airaksinen, Aarno - 2014

This paper reviews the characteristics and magnitude of information technology (IT) outsourcing as well as studies its labor productivity effects with a representative sample of Finnish businesses. Depending on the IT task in question, on average from one-third to two-thirds of IT has been...

Persistent link: https://www.econbiz.de/10014047457

Reputation, Competition, and Entry in Procurement

Spagnolo, Giancarlo - 2012

Abstract: Based on my recent work with several co-authors this paper explores the relationship between discretion, reputation, competition and entry in procurement markets. I focus especially on public procurement, which is highly regulated for accountability and trade reasons. In Europe...

Persistent link: https://www.econbiz.de/10013112097

Technological Exploration and Market Exploitation in Interfirm Alliances

George, Varghese P. - 2016

This paper empirically examines the dichotomous contribution for innovation, for technological exploration and market exploitation, from alliances. Using a sample from US economy-wide alliances of US Public companies and employing cross-tabulation of various classifications of alliances and...

Persistent link: https://www.econbiz.de/10014133464

An Introduction to the Eclectic Paradigm as a Meta-Framework for the Cross-Disciplinary Analysis of International Business

Cantwell, John A. - 2015

Originally the eclectic paradigm helped bring together and compare mainly economic theories of International Business (IB). However, today it’s greater value is as an integrating framework that can enable us to relate to one another the full range of IB theories that have been derived from...

Persistent link: https://www.econbiz.de/10014133962

Coase and the Transaction Cost Approach to Regulation

Moszoro, Mariano; Spiller, Pablo T. - 2015

Early economic research on natural monopoly regulation focused on market failure -- pricing tariffs and externalities. While Coase's multi-tariff marginal cost pricing became the standard, his approach to externality regulation as a contractual issue shifted the debate to transaction costs, but...

Persistent link: https://www.econbiz.de/10014135213