Organizational structure and technological investment revisited: An explanation based on the property rights approach

IF 1.2 Q3 ECONOMICS

Research in Economics Pub Date : 2023-09-01 DOI:10.1016/j.rie.2023.06.006

Kojun Hamada

引用次数: 0

Abstract

Using the property rights approach, I investigate how two vertical chains consisting of an upstream and downstream firm choose to integrate when competing in a duopoly market. This shows that whether a vertical chain chooses to integrate depends on the relative sizes of two strategic effects on quantity and investment. If the negative effect of decreasing investments is larger (smaller) than the positive effect of alleviating an intense quantity competition, vertical separation (integration) is chosen. I illustrate that vertical separation or integration appears in equilibrium depending on the degrees of market competitiveness and investment effectiveness.

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重新审视组织结构和技术投资：基于产权法的解释

本文运用产权方法，研究了在双寡头市场竞争中，由上游和下游企业组成的两条垂直链如何选择整合。这表明，垂直产业链是否选择整合取决于两种战略效应对数量和投资的相对大小。如果减少投资的负面效应大于(小于)缓解激烈数量竞争的正面效应，则选择垂直分离(整合)。我说明，垂直分离或整合出现在均衡取决于市场竞争力和投资效率的程度。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Economics ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

89 days

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