منابع مشابه
Vertical Integration and Production
We use two very large datasets to obtain some of the first systematic micro evidence on how production in vertically integrated firms differs from that of unlinked producers in the same industries. The Economic Census lets us observe virtually every establishment in the private economy, and crucially, the organizational structures of the firms that own them. The Commodity Flow Survey microdata ...
متن کاملMicroeconomic Intermediation and Sectoral Integration in a Market Transition
Market transition theory has developed ever more nuanced methodologies for the analysis of institutional change in an economy at mesoand microlevels of analysis. Relying on several of these contemporary analytical methods, this paper will discuss obstacles to, and suggest preliminarily some theoretical and empirical approaches to the study of, the extent of causal influence of levels of sectora...
متن کاملVertical Integration and Operational Flexibility
The main aim of the paper is to highlight the relation between flexibility and vertical integration. To this purpose, we go through the selection of the optimal degree of vertical disintegration of a flexible firm which operates in a dynamic uncertain environment. The enterprise we model enjoys flexibility since it can switch from a certain amount of disintegration to vertical integration and v...
متن کاملVertical Integration and Market Foreclosure
Few people would disagree with the proposition that horizontal mergers have the potential to restrict output and raise consumer prices. In contrast, there is much less agreement about the anti-competitive effects of vertical mergers. The purpose of this paper is to develop a theoretical model showing how vertical integration changes the nature of competition in upstream and downstream markets a...
متن کاملOn synergies and vertical integration
We analyze in an incomplete contracts model whether a supplier should be integrated if in addition to his investment level he chooses the degree of relationship specificity. A basic trade-off arises: While non-integration leads to higher investment incentives, potential synergies are foregone. Hence, integration can be optimal even though only the supplier makes an investment decision. This may...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 1998
ISSN: 0022-2879
DOI: 10.2307/2601253