Autori: Di Giannatale, Sonia , Curiel-Cabral, Itza T. Q. , Chacón, Jacqueline
Titolo: Monitoring decisions in vertical integration
Periodico: Economia e politica industriale
Anno: 2021 - Volume: 48 - Fascicolo: 3 - Pagina iniziale: 441 - Pagina finale: 462

We propose a model where the manufacturer makes two main decisions: whether or not to monitor the retailer, and whether or not to vertically integrate with the retailer in a context in which the retailer has private information about the project's outcomes, and both the manufacturer and the retailer have private information about their respective actions. From a theoretical perspective, this model contributes to the design of proper incentives for truthful revelation of private information and implementation of optimal effort levels. As a result, we obtain some predictions which are potentially relevant to the empirical literature of vertical integration that revolve around a novel theoretical result in which we find conditions under which vertically integrated firms might undertake monitoring activities. Keywords: Vertical integration, Hidden information, Hidden action


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SICI: 0391-2078(2021)48:3<441:MDIVI>2.0.ZU;2-6

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