| 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 develop an incomplete-contracts model to jointly study firm boundaries and the allocation of decision rights within them. Integration has an option value: it gives firm owners authority to delegate or centralize decision rights, depending on who can best solve problems that may arise in the course of course of an uncertain production process. To examine the evidence, we construct measures of vertical integration and delegation for thousands of firms in different countries and industries. In line with the model’s predictions, we find that input value and supplier uncertainty play a key role in shaping both integration and delegation choices. |
| 主题 | Industrial Organization |
| 关键词 | Vertical integration Decentralization Real options Supply assurance |
| URL | https://cepr.org/publications/dp12923-1 |
| 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/541735 |
| 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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