Ejercicio Short Question 7 · Economia de L'empresa UPF 2011
Tema: Actius específics, quasi-rendes i integració vertical · Del examen Final Exam Business Economics - December 2011 (2011)
Enunciado
Short Question 7 (6 points). Asset specificity and quasi-rents
Diwali Inc., an Indian manufacturer, is contracted to produce specialized nets for Eurored S.A. (Alicante) after investing in specific machinery designed for that contract. Subsequently, the Indian authorities pass safety and manufacturing regulations requiring all fishing nets produced domestically to comply with European Union norms. Following this regulatory harmonization, Eurored’s appropriable quasi-rent will decline.
True or False? Provide an economic justification.
True
False
Solución
Según los criterios oficiales de corrección
True or False?
Solución: True
Provide an economic justification.
Solución: Appropriable quasi-rent equals the difference between the value of the specialized asset in its current dedicated transaction and its value in the best alternative application. Because the regulatory change standardizes net production to European norms, Diwali Inc. can now sell its output to many other European buyers. The salvage value (second-best alternative) of Diwali's investment increases, thereby reducing the appropriable quasi-rent that Eurored could capture.
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