Hainz, Christa - William Davidson Institute, University of Michigan - 2006
substitute some functions of missing institutions, for example, enforcing contracts. We investigate this by setting up a model … institutions, for example, enforcing contracts. We investigate this
by setting up a model where firms within the business group are … integrate.
JEL-Classification: G31, G32, G34, K49, L22
Keywords: Business groups, self-enforcing contract, institutions, inter …