Abstract:The boundaries of a firm, particularly those of manufacturers that import heavy-duty Class 8 trucks and tractors into the Chilean automotive market, depend on economizing transaction costs. This empirical study investigates the vertical integration of these manufacturers and their respective dealers. By conducting a transaction cost analysis, this study results in two distinct cases. For the first case, the generalized linear models’ estimations and hypothesis tests for the count data of the ‘types of units so… Show more
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