scholarly journals Vertical Integration, Regulation, & The Shifting Of Economic Profits

2011 ◽  
Vol 3 (2) ◽  
pp. 94 ◽  
Author(s):  
Joseph P. Fuhr, Jr.
Keyword(s):  
Empirical Evidence ◽  
Vertical Integration ◽  
Economic Efficiency ◽  
Telecommunications Industry ◽  
Transfer Price ◽  
Product Lines ◽  
Efficiency Criterion ◽  
Regulatory Constraint

A model which shows how a vertically integrated, multiproduct regulated monopolist can shift its monopoly profits to its upstream nonregulated affiliate is developed. The model is expanded to include a self-imposed constraint on the percentage mark-up of the transfer price which makes the regulatory constraint binding. The telecommunications industry is examined to determine what empirical evidence exists to support the shifting of profits hypothesis. Competitors are foreclosed from the market based on the desire to shift profits not on an economic efficiency criterion. How a multiproduct regulated monopolist reacts to competition in one of its product lines is analyzed.

Vertical Relationships and Competition in Retail Gasoline Markets: Empirical Evidence from Contract Changes in Southern California: Comment

2010 ◽  
Vol 100 (3) ◽  
pp. 1269-1276 ◽  
Author(s):  
Christopher T Taylor ◽  
Nicholas M Kreisle ◽  
Paul R Zimmerman
Keyword(s):  
Empirical Evidence ◽  
Vertical Integration ◽  
Southern California ◽  
Vertical Relationships ◽  
Retail Gasoline ◽  
Price Increases

In a paper in the March 2004 AER, Justine Hastings concludes that the acquisition of an independent gasoline retailer, Thrifty, by a vertically integrated firm, ARCO, is associated with sizable price increases at competing stations. To better understand the mechanism to which she attributes this effect – which combines vertical integration and rebranding – we attempted but ultimately failed to reproduce the results using alternative data.

scholarly journals Vertical Integration and Firm Boundaries: The Evidence

2007 ◽  
Vol 45 (3) ◽  
pp. 629-685 ◽  
Author(s):  
Francine Lafontaine ◽  
Margaret Slade
Keyword(s):  
Empirical Evidence ◽  
Vertical Integration ◽  
Empirical Studies ◽  
Economic Outcomes ◽  
Firm Boundaries ◽  
Input Output ◽  
Seminal Paper ◽  
Future Work ◽  
Cross Fertilization ◽  
Shed Light

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.

scholarly journals ESTUDOS SOBRE A IMPLEMENTAÇÃO DAS NORMAS INTERNACIONAIS DE CONTABILIDADE: o setor de telecomunicações brasileiro

Revista Foco ◽  
2015 ◽  
Vol 8 (1) ◽  
pp. 51
Author(s):  
Sidmar Roberto Vieira Almeida
Keyword(s):  
Empirical Evidence ◽  
Capital Market ◽  
Accounting Standards ◽  
Complete Information ◽  
Telecommunications Industry ◽  
International Accounting Standards ◽  
Business Operations ◽  
Regulated Markets ◽  
The Universe

A pesquisa teve por objetivo promover a pesquisa e a produção de trabalhos acadêmicos abordando a temática da contabilidade em mercados regulados, buscando evidências empíricas no universo de empresas brasileiras, tendo como foco contribuir para o aperfeiçoamento das relações entre os diferentes players envolvidos com o mercado de capitais. Tal estudo é relevante na medida em que se propõem a analisar os impactos da adoção das normas internacionais de contabilidade em um setor específico, propiciando uma visão mais aprofundada sobre quais alterações contábeis foram mais impactantes nos setores em questão. The research aims to address the issue of accounting in regulated markets, seeking empirical evidence in the universe of Brazilian companies, focusing contribute to the improvement of relations between the different players involved in the capital market. Understanding the efficiency of the Brazilian capital market after adoption of international accounting standards and the role of the explanatory notes to present more complete information regarding the business operations is critical. This research sought through the presentation and discussion of studies, offer a range of contributions to investors, market analysts, regulators and other researchers; towards a better understanding of the effects generated in the telecommunications industry.

Broadband and Structural Separation from the Perspective of Transaction Cost Economics

2011 ◽  
pp. 73-91
Author(s):  
Hidenori Fuke
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Vertical Integration ◽  
Transaction Cost Economics ◽  
Telecommunications Industry ◽  
Costs And Benefits ◽  
Efficient Management ◽  
Balance Analysis ◽  
Broadband Market ◽  
Structural Separation

Conduct regulation and structural separation are often discussed in industrial organisation studies as options to prevent the abuse of market power by vertically integrated firms toward the downstream market. Both the structural separation of NTT and conduct regulation have been discussed in the Japanese telecommunications industry since the introduction of competition in 1985 and the issue is still being discussed, although the industry is going through a transition from POTS (Plain Old Telephone Service) to the broadband internet. Past discussions have been inclined toward elimination of the harmful effects of vertical integration. However, there is a benefit of vertical integration in the sense that it will promote the efficient management of the firm concerned. I will present a new contention that it is important to conclude a balanced analysis of costs and benefits of vertical integration based on transaction cost theory. Structural separation in the broadband market entails significant transaction costs between a carrier with access facilities and firms offering broadband services by renting these facilities as input. These kinds of transaction costs are comparatively negligible in POTS. I will make it clear that the balance analysis of costs and benefits of structural separation has become more important in broadband than in POTS based on the actual differences in network structure.

Empirical Evidence of Organizational Knowledge From a Typological Perspective and Its Linkages With Performance

2018 ◽  
Vol 10 (4) ◽  
pp. 45-60 ◽  
Author(s):  
Ayodotun Stephen Ibidunni ◽  
Chinonye Love Moses ◽  
Omotayo Adeniyi Adegbuyi ◽  
Muyiwa Oladosun ◽  
Maxwell Olokundun
Keyword(s):  
Regression Analysis ◽  
Tacit Knowledge ◽  
Empirical Evidence ◽  
Explicit Knowledge ◽  
Telecommunications Industry ◽  
Organisational Knowledge ◽  
Administrative Employees ◽  
And Performance ◽  
The Relationship

Empirical evidence on the role of individuals' and group tacit and explicit knowledge in driving performance, is clearly missing in organisational knowledge literature. To fill this gap, a survey of 504 Managerial, technical and administrative employees of organisations in the Nigerian telecommunications industry form the sample for this study. Based on the multiple regression analysis, the relationship between organisational knowledge and performance was established. The results indicate that managers should focus on group-tacit knowledge, individual-explicit knowledge and individual-tacit knowledge as the most strategic types of organisational knowledge for enhancing performance.

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