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Vertical integration and firm boundaries : the evidence
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Lafontaine, Francine and Slade, Margaret E. (2007) Vertical integration and firm boundaries : the evidence. Journal of Economic Literature, 45 (3). pp. 631-687. doi:10.1257/jel.45.3.629 ISSN 0022-0515.
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Official URL: http://dx.doi.org/10.1257/jel.45.3.629
Abstract
Since Ronald H. Coase's (1937) seminal paper, a rich set of theories has been developed that deal with firm boundaries in vertical or input–output structures. In the last twenty-five years, empirical evidence that can shed light on those theories also has been accumulating. We review the findings of empirical studies that have addressed two main interrelated questions: First, what types of transactions are best brought within the firm and, second, what are the consequences of vertical integration decisions for economic outcomes such as prices, quantities, investment, and profits. Throughout, we highlight areas of potential cross-fertilization and promising areas for future work.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Business enterprises, Vertical integration, Consolidation and merger of corporations | ||||
Journal or Publication Title: | Journal of Economic Literature | ||||
Publisher: | American Economic Association | ||||
ISSN: | 0022-0515 | ||||
Official Date: | 2007 | ||||
Dates: |
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Volume: | 45 | ||||
Number: | 3 | ||||
Page Range: | pp. 631-687 | ||||
DOI: | 10.1257/jel.45.3.629 | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Funder: | Leverhulme Trust (LT) |
Data sourced from Thomson Reuters' Web of Knowledge
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