Tekijä: | Garvey, G. Pitchford, R. |
Otsikko: | Input market competition and the make-or-buy decision |
Lehti: | Journal of Economics and Management Strategy
1995 : FALL, VOL. 4:3, p. 491-508 |
Asiasana: | COMPETITION DECISION MAKING MARKETS |
Kieli: | eng |
Tiivistelmä: | Recent theories of vertical integration based on incomplete contracts assume perfect competition on at least one side of the market. As a result, the make-or-buy choice has no redistributive effect and will reflect efficiency considerations only. This paper introduces imperfect competition into an otherwise standard model of a vertical relationship with noncontractable specific investments. The authors assume that there are a finite number of potential input suppliers with private information about their costs. |
SCIMA