Problema 6 · Economia de L'empresa UPF Setembre 2012
Tema: Actius específics, quasi-rendes i integració vertical · Del examen Setembre (2012)
Enunciado
Short Question 6 (6 points). Asset Specificity, Uncertainty, and Governance Structure
A major petroleum producer intends to expand into renewable energy by contracting an external company to construct solar panels on plots of land owned by the oil firm. At the same time, future market demand for solar power remains subject to high volatility and uncertainty. To protect the transaction, the oil company ought to vertically integrate with the solar equipment supplier rather than relying on a long-term contract. Is this statement True or False ? Explain.
True
False
Solución
Según los criterios oficiales de corrección
Is this statement True or False?
Solución: False
Explain your answer.
Solución: Under transaction cost economics, vertical integration is justified when high uncertainty is coupled with high asset specificity. Solar panels are standardized and redeployable assets with low specificity, meaning market contracting remains preferable and avoids the costs of integration.
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