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Article: Keiretsu and relationship-specific investment: A barrier to trade?

TitleKeiretsu and relationship-specific investment: A barrier to trade?
Authors
Issue Date2001
PublisherWiley-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?
AbstractThis 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 Identifierhttp://hdl.handle.net/10722/177716
ISSN
2015 Impact Factor: 1.29
2015 SCImago Journal Rankings: 2.153
References

 

DC FieldValueLanguage
dc.contributor.authorSpencer, BJen_US
dc.contributor.authorQiu, LDen_US
dc.date.accessioned2012-12-19T09:39:40Z-
dc.date.available2012-12-19T09:39:40Z-
dc.date.issued2001en_US
dc.identifier.citationInternational Economic Review, 2001, v. 42 n. 4, p. 871-901en_US
dc.identifier.issn0020-6598en_US
dc.identifier.urihttp://hdl.handle.net/10722/177716-
dc.description.abstractThis 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.languageengen_US
dc.publisherWiley-Blackwell Publishing, Inc.. The Journal's web site is located at http://www.wiley.com/bw/journal.asp?ref=0020-6598en_US
dc.relation.ispartofInternational Economic Reviewen_US
dc.titleKeiretsu and relationship-specific investment: A barrier to trade?en_US
dc.typeArticleen_US
dc.identifier.emailQiu, LD: larryqiu@hku.hken_US
dc.identifier.authorityQiu, LD=rp01093en_US
dc.description.naturepostprinten_US
dc.identifier.scopuseid_2-s2.0-0345859462en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0345859462&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume42en_US
dc.identifier.issue4en_US
dc.identifier.spage871en_US
dc.identifier.epage901en_US
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridSpencer, BJ=7201938647en_US
dc.identifier.scopusauthoridQiu, LD=7201538008en_US

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