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Динамическое взаимодействие, основанное на повторяемом инвестировании
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Невидомская М. А.
Keywords: специфические инвестиции
Agamirova M., Журнал институциональных исследований 2025 Т. 17 № 1 С. 70–79
The accelerated evolution of digital platforms over the past decade has exerted a substantial influence on the configuration of vertical interactions among parties. Notably, substantial transformations have occurred in value chains, which may ultimately result in the direct dissolution of erstwhile active participants in market exchanges. This transformation of the vertical production value chain, characterized ...
Added: February 24, 2025
Dzagurova N., Журнал институциональных исследований 2016 Т. 8 № 4 С. 53–71
The present article continues the discussion of the theme raised in our preceding article published in the second issue of JIS this year. That article contained the analysis of vertical restraints (VR) set out in (Rey & Tirole, 1986) and (Hansen & Motta, 2015). We proposed an alternative approach, namely, the interpretation of VR as ...
Added: February 16, 2017
Dzagurova N., Журнал институциональных исследований 2016 Т. 8 № 2 С. 22–37
Abstract. Vertical restraints such as exclusive territories may be considered as an alternative to the compensation paid to retailers for taking the risks associated with market shocks . For the first time this approach has been put forward in (Rey & Tirole, 1986). In (Hansen & Motta, 2015) this concept has been further developed, but these ...
Added: January 15, 2017
Agamirova M., Современная конкуренция 2016 Т. 10 № 4(58) С. 5–12
Deficiencies of the neoclassical interpretation of the firm and dissatisfaction with economists neoclassical approach to understanding the nature of the firm in the market environment led to the appearance and development of the institutional firm concepts associated with such names as Coase, Williamson, Simons, Craps, Alchian, Demsetz, Hart, Holmstrom, Jensen, Milgrom, Meckling, Baker, Gibbons, Murphy ...
Added: November 28, 2016
Agamirova M., Журнал институциональных исследований 2015 Т. 7 № 3 С. 64–75
The problem of underinvestment in specific assets is a key issue in new institutional economics, especially in case of cooperative relation specific investments. It can be solved due to vertical restraints, as an alternative way of vertical integration to transfer control to partner, who makes relation specific investments. The type of relation-specific investments called «cooperative» ...
Added: February 8, 2016
Dzagurova N., Agamirova M., Журнал институциональных исследований 2014 Т. 6 № 4 С. 65–76
Since mid-seventies the «hold-up» problem caused the underinvestment in specific assets has been remaining a key issue in neo-institutional economics. The traditional theoretical analysis of «hold-up» problem was based on consideration of so-called «selfish» relation-specific investments. Another type of relation-specific investments called «cooperative» investments (or cross investments) was nearly absent in economic analysis up to ...
Added: February 8, 2016
Dzagurova N., Невидомская М. А., Журнал институциональных исследований 2015 Т. 7 № 3 С. 76–91
The article argues that time delay of relation-specific investments may be considered as a temporal analog of underinvestment often discussed in the theory of the firm. Authors discuss the reasons and the consequences of relation- specific investments time delay and review two possible versions of relation- specific investments time delay differ depending on whether or ...
Added: January 19, 2016
Dzagurova N., Агамирова М. Е., Журнал институциональных исследований 2014 Т. 6 № 4 С. 65–76
Since mid-seventies the «hold-up» problem caused the underinvestment in specific assets has been remaining a key issue in neo-institutional economics. The traditional theoretical analysis of «hold-up» problem was based on consideration of so-called «selfish» relation-specific investments. Another type of relation-specific investments called «cooperative» investments (or cross investments) was nearly absent in economic analysis up to the very end of the twentieth ...
Added: February 13, 2015
Agamirova M., Современная конкуренция 2013 № 38 (2) С. 46–54
This article analyzes the major trends in the consideration of the concept of specific investments, as a party receives the partner positive effects of their implementation have a significant impact on the possibility of further interaction. In modern literature, there is no single definition is not specific investments, in some works the notion of selfish-specific ...
Added: May 27, 2013
Невидомская М. А., Вопросы регулирования экономики 2012 Т. 3 № 4 С. 44–58
Данная статья посвящена теоретическим исследованиям динамических постановок проблемы hold-up, касающихся проблематики последовательного (неповторяемого) инвестирования. Наряду с этим выявлено неоднозначное отношение различных научных публикаций, на примере «Hold-up and sequential specific investment» Smirnov and White (2004) и «Sequential Investment, Hold-up, and Strategic Delay» J. Zhang And Y. Zhang (2011), к последовательному режиму инвестирования в качестве возможного способа ...
Added: February 8, 2013
Невидомская М. А., Наукові праці Донецького державного технічного університету. Серія: економічна 2011 Т. 3 № 40 С. 173–178
Данная статья посвящена теоретическим и эмпирическим исследованиям проблемы «заложника», имеющей место при заключении эксклюзивных соглашений. Кроме того, в рамках данного анализа дается новое объяснение повышения эффективности вертикальных взаимодействий в результате заключения ВОС, основанное на применении метода реальных опционов к рассмотрению динамической постановки проблемы «заложника», отличающейся варьированием не объемов, а сроков осуществления специфических инвестиций. ...
Added: November 21, 2012