G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15970
DP15970 On the Optimality of Outsourcing when Vertical Integration can Mitigate Information Asymmetries
Patrick W. Schmitz
发表日期2021-03-26
出版年2021
语种英语
摘要Consider a buyer and a seller who have agreed to trade an intermediate good. It is ex-post efficient to adapt the good to the prevailing state of the world. The seller has private information about the costs of adapting the good. In the case of non-integration, the buyer has no possibility to verify claims that the seller makes about her costs. In the case of vertical integration, the buyer can verify evidence about the costs that the seller might be able to provide. Even though we assume no further differences between the ownership structures, it turns out that the parties may prefer non-integration.
主题Organizational Economics
关键词Incomplete contracts Make-or-buy decision Property rights approach Private information Outsourcing
URLhttps://cepr.org/publications/dp15970
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544959
推荐引用方式
GB/T 7714
Patrick W. Schmitz. DP15970 On the Optimality of Outsourcing when Vertical Integration can Mitigate Information Asymmetries. 2021.
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