13 Citations
Joint Ventures and the Property Rights Theory of the Firm: A Review of the Literature
- Economics, Business
- 2014
Joint ventures (JVs) are a very common form of inter-firm collaborations and, not surprisingly, the object of a vast literature, spanning from economics to management and business studies. Issues of…
Risk-Averse Bargaining in a Stochastic Optimization Context
- EconomicsManufacturing & Service Operations Management
- 2022
Problem definition: Bargaining situations are ubiquitous in economics and management. We consider the problem of bargaining for a fair ex ante distribution of random profits arising from a…
Sequential Investment, Hold-up, and Ownership Structure
- Economics
- 2014
We construct a sequential investment model to investigate individual firms’ strategic choices of organizational forms when outsourcing their intermediate products. Our results indicate that as a…
Splitting a Random Pie: Nash-Type Bargaining with Coherent Acceptability Measures
- Economics
- 2020
We propose an axiomatic solution for cooperative stochastic games where risk averse players bargain for the allocation of profits from a joint project that depends on management decisions by the…
The Economics of Retailing Formats: Competition Versus Bargaining
- Economics, Business
- 2016
We set up a merger game between retailing stores to study the incentives of independent stores to form a big store when some consumers have preferences for one-stop shopping. Such one-stop shopping…
Property, Possession, Incorporation: Another Look at Agribusiness Venture Agreements in the Philippines
- Economics
- 2016
Of late, incorporating smallholder land, through partnerships with agribusiness firms that cultivate export crops has received some attention among scholars, policymakers and non-government…
Token Economics Framework
- EconomicsSSRN Electronic Journal
- 2019
Matching economic theories, the paper discusses the underlying fundamentals of token economics that exist within a token ecosystem. 3 design fundamentals that affect the soundness of token economics:…
What Explains an Increase in the Processor-Retailer Margin? New Insights from the U.S. Fresh Beef Market
- Economics
- 2021
The real-dollar processor-retailer margin of fresh beef in the United States increased by more than 30% from 2011 to 2016, a substantial and rare increase for a major agricultural product. In the…
The effect of power and dependency on relationships between partners in supply chain
- Business2014 International Conference on Logistics Operations Management
- 2014
By enhancing the managers' knowledge about power-dependency, the presented results help companies in their supply strategy development, tactical and operational decision-makings.
The Political Economy of Smallholder Incorporation and Land Acquisition
- Economics, Geology
- 2016
THE POLITICAL ECONOMY OF SMALLHOLDER INCORPORATION AND LAND ACQUISITION
References
SHOWING 1-10 OF 26 REFERENCES
Information Gathering, Transaction Costs, and the Property Rights Approach
- Economics
- 2005
The property rights approach to the theory of the firm suggests that ownership structures are chosen in order to provide ex ante investment incentives, while bargaining is ex post efficient. In…
Noncooperative Bargaining, Hostages, and Optimal Asset Ownership
- Economics
- 1998
This paper re-examines the effect of asset ownership on investment decisions for a joint relationship in the absence of contracts on investment levels. It obtains some results which contradict…
Public versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks
- Economics
- 2008
The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting…
Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm
- Economics
- 1998
This paper studies the Grossman-Hart-Moore (GHM) "property rights" approach to the theory of the firm under alternating-offers bargaining. When managers can pursue other occupations while negotiating…
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration
- Economics, Business
- 1986
Our theory of costly contracts emphasizes that contractual rights can be of two types: specific rights and residual rights. When it is costly to list all specific rights over assets in the contract,…
Expectation Damages, Divisible Contracts, and Bilateral Investment
- Economics
- 2009
This paper examines the efficiency of expectation damages as a breach remedy in a bilateral trade setting with renegotiation and relationship-specific investment by the buyer and the seller. As…
Reputation and Allocation of Ownership
- Economics
- 1995
The allocation of ownership matters even in long--term relationships. Ownership structure is chosen to encourage co--operation. The optimal ownership structure of the static game restricts the gain…
Cheap Talk about Specific Investments
- Economics
- 1995
We consider a problem in which a buyer has private information about the efficient scale or nature of a relationship-specific investment by a producer. We show that reducing the producer's ex post…