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Vertical Integration and Technological Innovation : A Transaction Cost Approach

Lee, Yeong Heok

Studies on Industrial Productivity: Selected Works

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Originally published in 1994 this volume investigates the relationship between a firm's decision to integrate vertically and its research and development (R & D) strategy. Literature on vertical integration is reviewed and a framework presented to analyze the costs and benefits of vertical integration. The theoretical basis for the proposed hypostheses is investigated and the hypotheses tested empirically.

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