| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11874 |
| DP11874 Vertical Integration and Relational Contracts: Evidence from the Costa Rica Coffee Chain | |
| Rocco Macchiavello; Josepa Miquel-Florensa | |
| 发表日期 | 2017-02-23 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | This paper compares integrated firms, long-term relationships and markets, and how they adapt to shocks in the Costa Rican coffee chain. The industry is characterised by significant uncertainty. Supply failures responses to unanticipated increases in reference prices reveal that integration and relationships reduce opportunism. Trade volumes responses to weather-induced increases in supply reveal that relationships provide demand assurance, although less than integration does. This benefit of integration is offset by costs when trading outside of the integrated chain. The evidence supports models in which firms boundaries alter temptations to renege on relational contracts and, consequently, the allocation of resources. |
| 主题 | Development Economics ; Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Vertical integration Relational contracts adaptation Demand uncertainty Supply chain |
| URL | https://cepr.org/publications/dp11874 |
| 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/540686 |
| 推荐引用方式 GB/T 7714 | Rocco Macchiavello,Josepa Miquel-Florensa. DP11874 Vertical Integration and Relational Contracts: Evidence from the Costa Rica Coffee Chain. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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