search query: @indexterm INDUSTRIAL STRUCTURE / total: 282
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| Author: | Hubbard, T.N. |
| Title: | Affiliation, integration, and information: ownership incentives and industry structure |
| Journal: | Journal of Industrial Economics
2004 : JUN, VOL. 52:2, p. 201-227 |
| Index terms: | Incentives Industrial structure Information Integration |
| Freeterms: | Affiliation |
| Language: | eng |
| Abstract: | Theory and evidence on horizontal industry structure is presented in this article. It addresses the question: what makes industries necessarily fragmented? The theoretical model examines trade-offs associated with affiliation and integration, and how they are affected by the contracting environment. It is shown how contractual incompleteness can lead industries to be necessarily fragmented. |
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