A formal model of firm boundaries and haggling

被引：7
|
作者：
Mori, Yusuke [1 ]
机构：
[1] Tokyo Int Univ, Dept Econ, 1-13-1 Matoba Kita, Kawagoe, Saitama 3501197, Japan
来源：
ECONOMICS LETTERS | 2017年 / 156卷
基金：
日本学术振兴会;
关键词：
Transaction cost; Haggling; Fiat; Firm boundaries;
D O I：
10.1016/j.econlet.2017.03.037
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study provides a formal model of Williamson's haggling theory in which transacting parties engage in ex post contract renegotiation. We show that integration can economize bargaining costs but suffers from too much third-party arbitration (i.e., fails in selective intervention). (c) 2017 The Author. Published by Elsevier B.V.
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页码：15 / 17
页数：3
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