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dc.rights.licensehttps://creativecommons.org/licenses/by-sa/2.5/ar/
dc.contributor.advisorUniversidad Torcuato Di Tella
dc.contributor.authorRuzzier, Christian Alejandro
dc.date.accessioned2017-04-03T15:19:42Z
dc.date.available2017-04-03T15:19:42Z
dc.date.issued2007
dc.date.submitted2007
dc.identifier.urihttps://repositorio.utdt.edu/handle/20.500.13098/900
dc.description.abstractStandard property rights theory (whether static or dynamic) assumes assets are specific, but once this assumption is in place, the level of asset specificity has no bearing on the make-or-buy decision. While there are good reasons to doubt the universality of transaction cost economics’ prediction that the more specific the asset, the more likely is vertical integration to be optimal, this is an issue that cannot be addressed within the existing property rights framework. In this paper the level of asset specificity matters for the integration decision, even in the static version of the model, and this result emerges naturally once an equally reasonable bargaining protocol is considered. To show this, we take Baker, Gibbons, and Murphy’s (2002) relational contracting model, and use it as the vehicle for the analysis. Changing the bargaining protocol assumed by those authors results in a model in which the integration choice is affected in a non-trivial way by realized asset specificity.es_AR
dc.format.extent37 p.
dc.format.mediumapplication/pdf
dc.languageeng
dc.publisherUniversidad Torcuato Di Tella
dc.rightsinfo:eu-repo/semantics/openAccesses_AR
dc.subjectContratos
dc.subjectTesis
dc.titleLevels of asset specificity in relational contracting
dc.typeinfo:eu-repo/semantics/masterThesises_AR
UTDT.rights.PDF
UTDT.rights.AUT
UTDT.source.signaturaTESIS 24924U
UTDT.source.signaturaTESIS DIGITAL
UTDT.source.inventario24924U
UTDT.source.bdtBDT20161
UTDT.source.idn000059661
thesis.degree.nameMaestría en Economía
thesis.degree.level1es_AR
thesis.degree.grantorUniversidad Torcuato Di Tella. Departamento de Economía
dc.audienceResearchers
dc.audienceStudents
dc.audienceTeachers
dc.type.versioninfo:eu-repo/semantics/acceptedVersiones_AR
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