Quasi-integration in less-than-truckload trucking

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C. Ménard, (ed.), Institutions, Contracts and Organizations, Edward Elgar, Cheltenham and Northhampton, 2000, 293-312
http://hdl.handle.net/10230/433
To cite or link this document: http://hdl.handle.net/10230/433
dc.contributor.author Fernández, Alberto
dc.contributor.author Arruñada, Benito
dc.contributor.author González, Manuel
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 1998-06-01
dc.identifier.citation C. Ménard, (ed.), Institutions, Contracts and Organizations, Edward Elgar, Cheltenham and Northhampton, 2000, 293-312
dc.identifier.uri http://hdl.handle.net/10230/433
dc.description.abstract This work studies the organization of less-than-truckload trucking from a contractual point of view. We show that the huge number of owner-operators working in the industry hides a much less fragmented reality. Most of those owner-operators are “quasi-integrated” in higher organizational structures. This hybrid form is generally more efficient than vertical integration because, in the Spanish institutional environment, it lessens serious moral hazard problems, related mainly to the use of the vehicles, and makes it possible to reach economies of scale and density. Empirical evidence suggests that what leads organizations to vertically integrate is not the presence of such economies but hold-up problems, related to the existence of specific assets. Finally, an international comparison hints that institutional constraints are able to explain differences in the evolution of vertical integration across countries.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 292
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Quasi-integration in less-than-truckload trucking
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:13:56Z
dc.subject.keyword Statistics, Econometrics and Quantitative Methods
dc.subject.keyword hold-up
dc.subject.keyword hybrids
dc.subject.keyword institutions
dc.subject.keyword moral hazard
dc.subject.keyword vertical integration
dc.subject.keyword trucking industry
dc.rights.accessRights info:eu-repo/semantics/openAccess


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