This hybrid form is generally more efficient than vertical integration because, in the Spanish institutional environment, it lessens serious moral hazard problems, related mainly to the use of the vehicles, and makes it possible to reach economies of scale and density. This work studies the organization of lessthantruckload trucking from contractual point of view.

This work studies the organization of lessthantruckload trucking from contractual point of view. Finally, an international comparison hints that institutional constraints are able to explain differences in the evolution of vertical integration across countries. Appears in CollectionsEconomics and Business Working Papers Series Files in This PDFViewOpen Recommend this item This item is licensed under All items in RECERCAT are protected by copyright, with all rights reserved. Empirical evidence suggests that what leads organizations to vertically integrate is not the presence of such economies but holdup problems, related to the existence of specific assets.

Finally, an international comparison hints that institutional constraints are able to explain differences in the evolution of vertical integration across countries.. Please use this identifier to cite or link to this item TitleQuasiIntegration in LessthanTruckload TruckingAuthorsFernndez, AlbertoArruada, BenitoGonzlez, ManuelOther authorsUniversitat Pompeu Fabra.

of those owneroperators are quasiintegrated in higher organizational structures. Finally, an international comparison hints that institutional constraints are able to explain differences in the evolution of vertical integration across countries. Appears in CollectionsEconomics and Business Working Papers Series Files in This PDFViewOpen Recommend this item This item is licensed under All items in RECERCAT are protected by copyright, with all rights reserved. Please use this identifier to cite or link to this item TitleQuasiIntegration in LessthanTruckload TruckingAuthorsFernndez, AlbertoArruada, BenitoGonzlez, ManuelOther authorsUniversitat Pompeu Fabra.

Empirical evidence suggests that what leads organizations to vertically integrate is not the presence of such economies but holdup problems, related to the existence of specific assets. This hybrid form is generally more efficient than vertical integration because, in the Spanish institutional environment, it lessens serious moral hazard problems, related mainly to the use of the vehicles, and makes it possible to reach economies of scale and density.

This hybrid form is generally more efficient than vertical integration because, in the Spanish institutional environment, it lessens serious moral hazard problems, related mainly to the use of the vehicles, and makes it possible to reach economies of scale and density. Finally, an international comparison hints that institutional constraints are able to explain differences in the evolution of vertical integration across countries.. We show that the huge number of owneroperators working in the industry hides much less fragmented reality.