.png){kind=icon}
返回
Do Prices Determine Vertical Integration?
.png){kind=icon}
OA
AI
DOI：10.1093/restud/rdv059.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
A number of theories in organizational economics and industrial organization suggest that vertical integration, while costly, increases productivity. It follows from firms' maximizing behaviour that higher prices in the product market ought to induce more integration. Trade policy provides a source of exogenous price variation to assess this prediction: higher tariffs should lead to higher prices and, therefore, to more integration. We construct firm-level vertical integration indices for a large set of countries and industries and exploit variation in applied most-favoured-nation tariffs to examine the impact of tariffs on firm boundaries. The empirical results provide strong support for the view that higher output prices generate more vertical integration. Our estimates of the average price elasticity of vertical integration are in the range 0.4-2.
Keyword:
Theory of the firm
Product prices
Vertical integration
D22
D23
L22
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
6.4
论文数:
2.5K
被引数:
2.1W
机构
引用论文
The asymmetric effects of tariffs on intra-firm trade and offshoring decisions关税对企业内部贸易和离岸外包决策的不对称影响OAAI
OAAI分享收藏Material Evaluation and Process Optimization of CNT-Coated Polymer Powders for Selective Laser Sintering用于选择性激光烧结的CNT涂层聚合物粉末的材料评估和工艺优化.png)
PolymersOAAI
PolymersIF0
OAAI分享收藏Facile one-pot synthesis of thio and selenourea derivatives: A new class of potent urease inhibitors
PREAI
分享收藏
查看更多内容