Contractual allocation of decision rights and incentives: The case of automobile distribution

Journal of Law, Economics, and Organization

Volumn 17, Issue 1, 2001, Pages 257-284

  Arruñada, Benito ^a   Garicano, Luis ^b   Vázquez, Luis ^c  

^a UNIVERSITAT POMPEU FABRA   (Spain)

^b UNIVERSITY OF CHICAGO   (United States)

^c UNIVERSITY OF SALAMANCA   (Spain)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0035632624     PISSN: 87566222     EISSN: None     Source Type: Journal    
DOI: 10.1093/jleo/17.1.257     Document Type: Article

References (37)

1. Agrawal, Deepak, and Rajiv Lal. 1995. "Contractual Arrangements in Franchising: An Empirical Investigation," 32 Journal of Marketing Research 213-221.
2. Arora, Asish, and Alfonso Gambardella. 1990. "Complementarity and External Linkages: the Strategies of the Large Firms in Biotechnology," 38 Journal of Industrial Economics 361-379.
3. Arruñada, Benito. 2000. "The Quasi-Judicial Role of Large Retailers: An Efficiency Hypothesis of Their Relation with Suppliers," 92 Revue d'Economie Industrielle 277-296.
4. _, and Luis Vázquez. 1999. "Ownership and Performance in the Automobile Distribution Industry," Universitat Pompeu Fabra, Economics and Business Working Paper Series, 348.
5. Athey, Susan, and Scott Stern. 1998. "An Empirical Framework for Testing Theories about Complementarity in Organizational Design," working paper, NBER.
6. Bhattacharyya, Sugato, and Francine Lafontaine. 1995. "Double-Sided Moral Hazard and the Nature of Share Contracts," 26 Rand Journal of Economics 761-781.
7. Bourieroux, Christian, Alain Monfort, E. Renault, and Alain Trognon. 1987. "Generalized Residuals," 34 Journal of Econometrics 5-32.
8. Brickley, James A. 1998. "Incentive Conflicts and Contractual Restraints: Evidence from Franchising," working paper, University of Rochester
9. Dickinson, Joe, Sabine Dembkowski, and Chirag Shah. 1998. The Future of Automobile Distribution. London: Financial Times Business.
10. Dnes, Antony W. 1996. "The Economic Analysis of Franchise Contracts," 152 Journal of Institutional and Theoretical Economics 297-324.
11. Goldberger, Arthur S. 1964. Econometric Theory. New York: John Wiley.
12. Gompers, Paul, and Josh Lerner. 1996. "The Use of Covenants: An Empirical Analysis of Venture Partnership Agreements," 39 Journal of Law and Economics 463-499.
13. Greene, W. H. 1993. Econometric Analysis. New York: MacMillan.
14. Holmstrom, Bengt, and John Roberts. 1998. "The Boundaries of the Firm Revisited," 12 Journal of Economic Perspectives 73-94.
15. Holmstrom, Bengt, and Paul Milgrom. 1987. "Aggregation and Linearity in the Provision of Intertemporal Incentives," 55 Econometrica 303-328.
16. Ichniowski, Casey, Kathryn Shaw, and Giovanna Prennushi. 1997. "The Effects of Human Resource Management Practices on Productivity," 87 American Economic Review 291-313.
17. Kaplan, Steven N., and Per Strömberg. 1999. "Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts," mimeo, University of Chicago.
18. Klein, Benjamin, Robert Crawford, and Armen Alchian. 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," 21 Journal of Law and Economics 297-326.
19. _, and Keith B. Leffter. 1981. "The Role of Market Forces in Assuring Contractual Performance," 89 Journal of Political Economy 615-641.
20. _, and Kevin M. Murphy. 1988. "Vertical Restraints as Contract Enforcement Mechanisms," 31 Journal of Law and Economics 265-297.
21. Lafontaine, Francine. 1992. "Agency Theory and Franchising: Some Empirical Results," 23 Rand Journal Economics 263-283.
22. _, and Kathryn L. Shaw. 1999. "The Dynamics of Franchise Contracting: Evidence from Panel Data," 107 Journal of Political Ecnonomy 1041-1080.
23. _. and Margaret E. Slade, 1998. "Incentive Contracting and the Franchise Decision," NBER Working Paper 6544.
24. Masten, Scott E. 2000. "Contractual Choice," in Boudewijn Boukaert and Gerrit de Geest, eds. Encyclopedia of Law & Economics. Cheltenham: Edward Elgar.
25. _, and Keith J. Crocker. 1985. "Efficient Adaptation in Long-term Contracts: Take-or-Pay Provisions for Natural Gas," 75 American Economic Review 1083-1093.
26. Mathewson, Frank, and Ralph Winter. 1985. "The Economics of Franchise Contracts," 28 Journal of Law and Economics 503-526.
27. _. 1994. "Territorial Restrictions in Franchising Contracts," 32 Economic Inquiry 191-192.
28. Ministerio de Justicia e Interior. 1995. Anuario Estadístico General de la DGT. Madrid: Servicio de Estadística.
29. Pashigian, Bedros P. 1961. The Distribution of Automobiles, An Economic Analysis of the Franchise System. Englewood Cliffs, NJ: Prentice Hall.
30. Prendergast, Canice 1999. "The Provision of Incentives in Firms," 37 Journal of Economic Literature 7-64.
31. Sako, Mari, and Susan Helper. 1998. "Determinants of Trust in Supplier Relations: Evidence from the Automotive Industry in Japan and the United States," 34 Journal of Economic Behavior and Organization 387-417.
32. Sen, Kabir C. 1993. "The Use of initial Fees and Royalties in Business Format Franchising," 14 Managerial and Decision Economics 175-190.
33. Shepard, Andrea. 1993. "Contractual Form, Retail Price, and Asset Characteristics in Gasoline Retailing," 24 Rand Journal of Economics 58-77.
34. Telser, Lester. 1960. "Why Should Manufacturers Want Fair Trade?," 3 Journal of Law and Economics 86-105.
35. Williams, Darrell L. 1996. "Incomplete Contracting and Ex Post Opportunism: Evidence from Franchise Contract Terminations," working paper, UCLA.
36. Williamson, Oliver E. 1975. Markets and Hierarchies: Analysis and Antitrust Implications. New York: Free Press.
37. _. 1979. "Transaction-Cost Economics: The Governance of Contractual Relations," 22 Journal of Law and Economics 233-261.