Incomplete Contracts Vertical Integration And Product Market Competition
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Incomplete Contracts Vertical Integration And Product Market Competition
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Author : Maija Halonen
language : en
Publisher:
Release Date : 1997
Incomplete Contracts Vertical Integration And Product Market Competition written by Maija Halonen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Vertical integration categories.
Income Contracts Vertical Integration And Product Market Competition
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Author : Maija Halonen
language : en
Publisher:
Release Date : 1997
Income Contracts Vertical Integration And Product Market Competition written by Maija Halonen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Incomplete Contracts And Industrial Organization
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Author : Gene M. Grossman
language : en
Publisher:
Release Date : 1999
Incomplete Contracts And Industrial Organization written by Gene M. Grossman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Contracting out categories.
We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique, specialized component. Vertically integrated firms can manufacture the components they need in the quantity and type that maximizes profits, but they face a relatively high cost of governance. Specialized firms can produce at lower cost, but input suppliers face a potential hold-up problem. We study the equilibrium mode of organization when inputs are fully or partially specialized. We consider how the degree of competition in the market and other parameters affect the equilibrium choices, and how the equilibrium compares with the efficient allocation.
Incomplete Contracts Partial Vertical Integration
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Author : Myung-Joong Kwon
language : en
Publisher:
Release Date : 1994
Incomplete Contracts Partial Vertical Integration written by Myung-Joong Kwon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Contracts categories.
The Impact Of Incomplete Contracts On Economics
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Author : Philippe Aghion
language : en
Publisher: Oxford University Press
Release Date : 2015-12-22
The Impact Of Incomplete Contracts On Economics written by Philippe Aghion and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.
The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession.
Incomplete Contracts Vertical Integration And Supply Assurance
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Author : Patrick Bolton
language : en
Publisher:
Release Date : 1990
Incomplete Contracts Vertical Integration And Supply Assurance written by Patrick Bolton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Industrial organization categories.
Investment Specificity Vertical Integration And Market Foreclosure
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Author : Frank Bickenbach
language : en
Publisher:
Release Date : 1996
Investment Specificity Vertical Integration And Market Foreclosure written by Frank Bickenbach and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Consolidation and merger of corporations categories.
Market Structure And The Competitive Effects Of Vertical Integration
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Author : Simon Loertscher
language : en
Publisher:
Release Date : 2014
Market Structure And The Competitive Effects Of Vertical Integration written by Simon Loertscher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We analyze the competitive effects of backward vertical integration when firms exert market power upstream and compete à la Cournot downstream. Contrasting with previous literature, a small degree of vertical integration is always procompetitive because efficiency gains dominate foreclosure effects, and vertical integration even to full foreclosure can be procompetitive. Surprisingly, vertical integration is more likely to be procompetitive if the industry is otherwise more concentrated. Extensions analyze incentives to integrate and differentiated Bertrand competition downstream. Our analysis suggests that antitrust authorities should be wary of vertical integration when the integrating firm faces many competitors and should be permissive otherwise.
Firms Markets And Contracts
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Author : Ekkehart Schlicht
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Firms Markets And Contracts written by Ekkehart Schlicht and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Modern institutional economics witnesses a merging of formal and informal strands of theorizing. This development has offered new and vigorous perspectives which avoid both arbitrariness and theoretical sterility. The essays on contract theory gathered here exemplify this development. They propone new results on central issues in contractual theorizing. The theory of the firm in its variegated aspects forms, naturally, the core of the present set of contributions. Issues of ownership, integration, delegation, and finan ce are analyzed. Some contributions use the theoretical approach of contract theory to explore other issues, like medical care, public good problems, the economics of crime, environmental economics, and international trade. The contributors are leading young economists. They have participated in one or se veral classes of the 'International Summer School on the New Institutional Economics' which has been organized by Rudolf Richter in the years 1988 through 1994 and is now continued by Urs Schweizer. The theoretical style of these contributions has been influ enced by this experience. This collection of essays is intended to express the thanks of the contributors to Rudolf Richter. His initiatives for scholarly instruction and for inter national exchange of ideas have helped to create and to diffuse the understanding of and the engagement for the new institutional economics in Europe.
The Analysis Of Competition Policy And Sectoral Regulation
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Author : Martin Peitz
language : en
Publisher: World Scientific
Release Date : 2014-07-07
The Analysis Of Competition Policy And Sectoral Regulation written by Martin Peitz and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-07 with Business & Economics categories.
This volume contains a selection of papers that were presented at the CRESSE Conferences held in Chania, Crete, from July 6th to 8th, 2012, and in Corfu from July 5th to 7th, 2013. The chapters address current policy issues in competition and regulation. The book contains contributions at the frontier of competition economics and regulation and provides perspectives on recent research findings in the field. Written by experts in their respective fields, the book brings together current thinking on market forces at play in imperfectly competitive industries, how firms use anti-competitive practices to their advantage and how competition policy and regulation can address market failures. It provides an in-depth analysis of various ongoing debates and offers fresh insights in terms of conceptual understanding, empirical findings and policy implications. The book contributes to our understanding of imperfectly competitive markets, anti-competitive practices and competition policy and regulation.