| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3581 |
| DP3581 Determinacy Through Intertemporal Capital Adjustment Costs | |
| Berthold Herrendorf; Akos Valentinyi | |
| 发表日期 | 2002-10-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the managerial overload, but creates a holdup problem, causing some of the rents of the owners to be dissipated to the supplier. Far from the technology frontier, imitation activities are more important, and vertical integration is preferred. Closer to the frontier, the value of innovation increases, encouraging outsourcing. |
| 主题 | International Macroeconomics |
| 关键词 | Economic growth Contracts Internal organization of the firm Vertical integration |
| URL | https://cepr.org/publications/dp3581 |
| 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/532588 |
| 推荐引用方式 GB/T 7714 | Berthold Herrendorf,Akos Valentinyi. DP3581 Determinacy Through Intertemporal Capital Adjustment Costs. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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