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- W1995852272 abstract "We propose an model of vertically and horizontally-integrated business groups that allows the number and size of each group to be determined endogenously. We find that more than one configuration of groups can arise in equilibrium: several different types of business groups can occur, each of which are consistent with profit-maximization and are stable. We suggest that the strongly-integrated groups arising in the model characterize the chaebol found in South Korea, whereas the less-integrated groups describe those found in Taiwan." @default.
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- W1995852272 date "2003-08-01" @default.
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- W1995852272 title "A market-power based model of business groups" @default.
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- W1995852272 doi "https://doi.org/10.1016/s0167-2681(02)00181-6" @default.
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