Determinants of Vertical Integration: An Empirical Test
通过34种化学产品的企业后向整合选择数据，用logit模型检验了交易成本和需求波动对纵向整合的影响，结果支持相关理论。
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.