Vertical Integration and Firm Boundaries: The Evidence
综述了关于纵向一体化决策的实证研究，探讨哪些交易适合在企业内部进行，以及一体化对价格、产量、投资和利润等经济结果的影响。
Since Ronald H. Coase's (1937) seminal paper, a rich set of theories has been developed that deal with firm boundaries in vertical or input–output structures. In the last twenty-five years, empirical evidence that can shed light on those theories also has been accumulating. We review the findings of empirical studies that have addressed two main interrelated questions: First, what types of transactions are best brought within the firm and, second, what are the consequences of vertical integration decisions for economic outcomes such as prices, quantities, investment, and profits. Throughout, we highlight areas of potential cross-fertilization and promising areas for future work.