VERTICAL INTEGRATION AND DISTANCE TO FRONTIER

被引：40

作者：

Acemoglu, Daron ^{[1
]}

Aghion, Philippe ^{[2
,3
]}

Zilibotti, Fabrizio ^{[3
]}

机构：

[1] MIT, Cambridge, MA 02139 USA

[2] Harvard Univ, Cambridge, MA 02138 USA

[3] UCL, London WC1E 6BT, England

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2003年 / 1卷 / 2-3期

关键词：

D O I：

10.1162/154247603322391260

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We construct a model where the equilibrium organization of firms changes as an economy approaches the world technology frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the managerial overload, but creates a holdup problem, causing some of the rents of the owners to be dissipated to the supplier. Far from the technology frontier, imitation activities are more important, and vertical integration is preferred. Closer to the frontier, the value of innovation increases, encouraging outsourcing. (JEL: L22, O31, O33, O38, O40, L16)

引用

页码：630 / 638

页数：9