Ejercicio 1 (a-g) - Actius específics, quasi-rendes i integ… · Economia de L'empresa UPF 2016

a. After Joan accepted an employment position located 4 hours away from home, the employer extended a job offer to Joan's partner, who encounters severe difficulties securing work elsewhere. Which analysis is correct?

Solución: 1. The enterprise is aiming to establish relationship-specific assets.

b. Ex-ante competition indicates that markets function under perfect competition conditions, ensuring that no complications linked to asset specificity will arise. Is this statement true or false, and why?

Solución: 3. False, although the issue can occasionally be mitigated through long-term contracts within stable environments.

c. INSIGHT, a well-known consulting practice, has delivered advisory services for years to a major automotive producer. Through time, INSIGHT has acquired substantial insight into the manufacturer's operational procedures and distinctive needs. Which class of asset specificity defines this business relationship?

Solución: 2. Consultants' human asset specificity.

d. Continuing with the case of INSIGHT and the automobile manufacturer, what friction tied to specific assets could emerge after contracting the consultants?

Solución: 3. INSIGHT could renegotiate the contract demanding higher rates, since replacing its consultants' specialized organizational knowledge becomes increasingly hard for the carmaker.

e. A research laboratory develops 3 pharmaceutical formulations to be manufactured and marketed by an established pharmaceutical firm. Under what circumstance would the laboratory benefit from assuming direct control of manufacturing the new formulations?

Solución: 2. When the laboratory must disclose proprietary formulas for manufacturing, generating a serious danger that the partner will develop a competing treatment at reduced cost.

f. The most productive location for an automotive parts supplier is adjacent to the vehicle assembly plant. Nevertheless, the supplier chooses to build its facilities elsewhere. How can this outcome be interpreted?

Solución: 1. This illustrates suboptimal investment when transaction costs are present.

g. A household seeks a custom cupboard because standard market models do not fit their apartment. Following negotiations with a carpenter, the parties agree on a price of 5000 EUR. The total production costs for the carpenter (raw materials, labor, machinery) equal 1000 EUR. If the carpenter instead liquidates the tailored cupboard in the open market, the highest obtainable price is 400 EUR. What is the total quasi-rent?

Solución: 1. 4600 EUR.