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- W2077656264 abstract "Abstract Theoretical models of vertical integration are tested using a new measure based on the proportion of companies operating in customer and supplier industries that are vertically integrated. We confirm the roles of contractual and transaction-cost factors – small-numbers bargaining, lock-in effects, and the need for industries to share intangible assets. The role of (unobserved) persistent arm's-length contracts (alternative to vertical integration) is supported. Risk-aversion is not a significant motive." @default.
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- W2077656264 date "1988-04-01" @default.
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- W2077656264 title "The empirical determinants of vertical integration" @default.
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- W2077656264 doi "https://doi.org/10.1016/0167-2681(88)90037-6" @default.
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