| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2569 |
| DP2569 Gross Credit Flows | |
| Pietro Garibaldi; Giovanni Dell'Ariccia | |
| 发表日期 | 2000-09-26 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper adopts the incomplete contracting perspective to study a firm?s continuous choice between producing an essential input in-house (full integration), contracting part of the production out (tapered integration), and contracting all of the production out (non-integration), when (i) an idiosyncratic capacity investment is required to produce the essential input and (ii) under non-integration, outside opportunities are better. We show that the firm?s boundary choice depends crucially on its commitment power. If the firm can pre-commit to a particular provision mode, tapered integration will be chosen more frequently. Also, with commitment power the firm will never subcontract only a small portion of its input needs. In-house capacity is in general smaller and outside capacity larger if the firm can pre-commit. Total capacity is never larger in the commitment than the non-commitment case. |
| 主题 | Industrial Organization |
| 关键词 | Boundary choice Relation-specific investment Incomplete contracts Transaction costs |
| URL | https://cepr.org/publications/dp2569 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531640 |
| 推荐引用方式 GB/T 7714 | Pietro Garibaldi,Giovanni Dell'Ariccia. DP2569 Gross Credit Flows. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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