Determinants of Vertical Integration: An Empirical Test
This paper tests models of vertical integration, with emphasis on incentives that arise from transactions costs and demand variability. The tests are based on a logit analysis of firms' backward integration choices in a sample of thirty-four chemical products. The results are consistent with recent transactions cost theories and the demand variability model proposed by Carlton (1979). Copyright 1991 by Blackwell Publishing Ltd.
Volume (Year): 39 (1991)
Issue (Month): 5 (September)
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