| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12923 |
| DP12923 Come Together: Firm Boundaries and Delegation | |
| Laura Alfaro; Nicholas Bloom; Paola Conconi; Harald Fadinger; Andrew Newman; Raffaella Sadun; John Van Reenen | |
| 发表日期 | 2018-05-08 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for thousands of firms around the world. Integration has an option value: it confers authority to delegate or centralize decision rights, depending on who can best solve problems that arise in the course of an uncertain production process. The model can explain why more vertically integrated firms tend to delegate more, as observed in our data. In line with the model’s predictions, we find that firms are more likely to integrate suppliers that produce more valuable inputs and operate in industries with more dispersed productivity, and that firms delegate more decisions to integrated suppliers that produce more valuable inputs and operate in more productive industries. |
| 主题 | Industrial Organization |
| 关键词 | Vertical integration Decentralization Real options Supply assurance |
| URL | https://cepr.org/publications/dp12923-2 |
| 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/541734 |
| 推荐引用方式 GB/T 7714 | Laura Alfaro,Nicholas Bloom,Paola Conconi,et al. DP12923 Come Together: Firm Boundaries and Delegation. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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