United We Stand? Coordinating Capacity Investment and Allocation in Joint Ventures
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چکیده
منابع مشابه
Coordinating capacity investment and allocation in joint ventures
Among the recent innovative strategies for coping with product variety and market risk some firms have partnered to leverage economies of scale and risk pooling by sharing manufacturing capacity. In this paper we study how to structure such a joint venture to achieve full efficiency at low transaction costs. Specifically, we study whether capacity should be owned jointly or separately. Overall,...
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In a simple model, we show that a joint venture can implement the rates of investment that maximize joint profit when firms’ research abilities are private information. This can be done with budget balance, even though there are participation constraints. There is no conflict between budget balance and participation constraints because firms’ payoffs can depend on ex post signals of abilities. ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2285246