Links for fulltext
(May Require Subscription)
- Scopus: eid_2-s2.0-0345859462
- WOS: WOS:000172002800002
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: Keiretsu and relationship-specific investment: A barrier to trade?
Title | Keiretsu and relationship-specific investment: A barrier to trade? |
---|---|
Authors | |
Issue Date | 2001 |
Publisher | Wiley-Blackwell Publishing, Inc.. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0020-6598 |
Citation | International Economic Review, 2001, v. 42 n. 4, p. 871-901 How to Cite? |
Abstract | This article develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate-good imports, such as auto parts. Parts-suppliers make relationship-specific investments that benefit the automaker and prices are determined by bargaining after investment has been sunk. Although this investment raises efficiency, it limits the range of imports to less important parts, such as tailpipes, and it is possible that no parts are imported, despite lower foreign costs. Lack of information concerning investment rents combined with counterintuitive responses of imports to changes in output and costs could create unwarranted perceptions of a trade barrier. |
Persistent Identifier | http://hdl.handle.net/10722/177716 |
ISSN | 2023 Impact Factor: 1.5 2023 SCImago Journal Rankings: 2.350 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Spencer, BJ | en_US |
dc.contributor.author | Qiu, LD | en_US |
dc.date.accessioned | 2012-12-19T09:39:40Z | - |
dc.date.available | 2012-12-19T09:39:40Z | - |
dc.date.issued | 2001 | en_US |
dc.identifier.citation | International Economic Review, 2001, v. 42 n. 4, p. 871-901 | en_US |
dc.identifier.issn | 0020-6598 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177716 | - |
dc.description.abstract | This article develops a model of informal procurement within Japanese keiretsu so as to consider effects on intermediate-good imports, such as auto parts. Parts-suppliers make relationship-specific investments that benefit the automaker and prices are determined by bargaining after investment has been sunk. Although this investment raises efficiency, it limits the range of imports to less important parts, such as tailpipes, and it is possible that no parts are imported, despite lower foreign costs. Lack of information concerning investment rents combined with counterintuitive responses of imports to changes in output and costs could create unwarranted perceptions of a trade barrier. | en_US |
dc.language | eng | en_US |
dc.publisher | Wiley-Blackwell Publishing, Inc.. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0020-6598 | en_US |
dc.relation.ispartof | International Economic Review | en_US |
dc.title | Keiretsu and relationship-specific investment: A barrier to trade? | en_US |
dc.type | Article | en_US |
dc.identifier.email | Qiu, LD: larryqiu@hku.hk | en_US |
dc.identifier.authority | Qiu, LD=rp01093 | en_US |
dc.description.nature | postprint | en_US |
dc.identifier.scopus | eid_2-s2.0-0345859462 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0345859462&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 42 | en_US |
dc.identifier.issue | 4 | en_US |
dc.identifier.spage | 871 | en_US |
dc.identifier.epage | 901 | en_US |
dc.identifier.isi | WOS:000172002800002 | - |
dc.publisher.place | United States | en_US |
dc.identifier.scopusauthorid | Spencer, BJ=7201938647 | en_US |
dc.identifier.scopusauthorid | Qiu, LD=7201538008 | en_US |
dc.identifier.issnl | 0020-6598 | - |