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Vertical Relationships and the Firm in the Global Economy

Khalid Sekkat, Professor of Economics, DULBEA and SBS, University of Brussels, Belgium
This book analyses the vertical relationships of firms in an international context. These relationships, Khalid Sekkat argues, have gained further relevance due to the notable increase in vertical specialization of production across borders in the past few years.
Extent: 192 pp
Hardback Price: $127.00 Web: $114.30
Publication Date: 2006
ISBN: 978 1 84376 179 2
Availability: In Stock
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This book analyses the vertical relationships of firms in an international context. These relationships, Khalid Sekkat argues, have gained further relevance due to the notable increase in vertical specialization of production across borders in the past few years.

The author discusses the objectives and instruments employed in vertical control, the reasons for the choice of instruments made and the way in which national and foreign policy and institutions interact with firms’ strategy. Each chapter provides a theoretical analysis of the motivation of firms and their interactions with public policies as well as empirical evidence that underpins the theories presented.

This book offers new perspectives for the analysis of the firm’s vertical relationships in the global economy and will be of great interest to students and researchers as well as those working in international institutions and lawyers dealing with economic issues.
Contents: Introduction Part I: Vertical Relationships 1. The Conceptual Framework Part II: Vertical Control: Objectives and Instruments 2. Reaping the Benefits of Market Power 3. Organizing the Distribution Market 4. Coping with Uncertainty 5. Strategic Interactions Among Rivals Part III: Vertical Control: Choosing Instruments 6. The Size of the Final Market 7. The Transaction Costs 8. The Labour Market 9. The Quality of Institutions Part IV: Variety of Objectives and Policies 10. Efficiency and Strategy 11. Trade Policy Conclusion References Index