Make Versus Buy in Trucking: Asset Ownership, Job Design, and Information
نویسندگان
چکیده
Explaining patterns of asset ownership is a central goal of both organizational economics and industrial organization. We develop a model of asset ownership in trucking, which we test by examining how the adoption of different classes of on-board computers (OBCs) between 1987 and 1997 in uenced whether shippers use their own trucks for hauls or contract with for-hire carriers. We nd that OBCs’ incentive-improving features pushed hauls toward private carriage, but their resource-allocation-improving features pushed them toward for-hire carriage. We conclude that ownership patterns in trucking re ect the importance of both incomplete contracts and of job design and measurement issues. (JEL D23, L14, L22, L23, L92)
منابع مشابه
Contractibility and Asset Ownership: On-Board Computers and Governance in U.S. Trucking
We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers, particularly for hauls where drivers have the greatest incentive to drive in non-optimal ways or engage in re...
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