A market-power based model of business groups

被引：15

作者：

Feenstra, RC

Huang, DS

Hamilton, GG

机构：

[1] Univ Calif Davis, Dept Econ, Davis, CA 95616 USA

[2] Natl Bur Econ Res, Cambridge, MA 02138 USA

[3] Acad Sinica, Inst Econ, Taipei, Taiwan

[4] Univ Washington, Dept Sociol, Seattle, WA 98195 USA

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2003年 / 51卷 / 04期

关键词：

business group; chaebol; vertical integration; horizontal integration;

D O I：

10.1016/S0167-2681(02)00181-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We propose an model of vertically and horizontally-integrated business groups that allows the number and size of each group to be determined endogenously. We find that more than one configuration of groups can arise in equilibrium: several different types of business groups can occur, each of which are consistent with profit-maximization and are stable. We suggest that the strongly-integrated groups arising in the model characterize the chaebol found in South Korea, whereas the less-integrated groups describe those found in Taiwan. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：459 / 485

页数：27

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