The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Incomplete Contracts and the Product Cycle
Open accessAbstract
I present a model in which the incomplete nature of contracts governing international transactions limits the extent to which the production process can be fragmented across borders. Because of contractual frictions, goods are initially manufactured in the same country where product development takes place. Only when the good becomes sufficiently standardized is the manufacturing stage of production shifted to a low-wage foreign location. Solving for the optimal organizational structure, I develop a new version of the product cycle hypothesis in which manufacturing is shifted abroad first within firm boundaries, and only at a later stage to independent foreign firms.
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Cites
The colonial origins of comparative development: An empirical investigation
Acemoglu, D., Johnson, S., & Robinson, J. A. (2001) · American Economic Review · doi:10.1257/aer.91.5.1369 · Cited by 8,517
Knowledge of the Firm and the Evolutionary Theory of the Multinational Corporation
Kogut, B., & Zander, U. (1993) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8490248 · Cited by 3,967
International Technology Transactions and the Theory of the Firm
Davidson, W. H., & McFetridge, D. G. (1984) · The Journal of Industrial Economics · doi:10.2307/2098016 · Cited by 153
Cited by
Firms, Contracts, and Trade Structure
Antras, P. (2003) · The Quarterly Journal of Economics · doi:10.1162/003355303322552829 · Cited by 1,194
Production Networks and Trade Patterns in East Asia: Regionalization or Globalization?
Athukorala, P.-C. (2011) · Asian Economic Papers · doi:10.1162/asep_a_00045 · Cited by 257
Ivus, O., Park, W. G., & Saggi, K. (2017) · Journal of International Business Studies · doi:10.1057/s41267-017-0100-1 · Cited by 53
Metadata
- Authors
- Antràs, P.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2005-08-01
- Volume
- 95
- Issue
- 4
- Pages
- 1054-1073
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3121164625
- Cited by
- 439
- References
- 3
- FWCI
- 27.00
- Type
- journal article
- Language
- en
- Open access
- green
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