Determinants of Organizational Form: Transaction Costs and Institutions in the European Trucking Industry
نویسندگان
چکیده
We explain why European trucking carriers are much smaller and rely more heavily on owner-operators (as opposed to employee drivers) than their US counterparts. Our analysis begins by ruling out differences in technology as the source of those disparities and confirms that standard hypotheses in organizational economics, which have been shown to explain the choice of organizational form in US industry, also apply in Europe. We then argue that the preference for subcontracting over vertical integration in Europe is the result of European institutions— particularly, labor regulation and tax laws—that increase the costs of vertical integration. JEL Classification: D23, L14, L22, L92
منابع مشابه
Why Aren’t All Truck Drivers Owner-Operators? Asset Ownership and the Employment Relation in Interstate For-Hire Trucking
Transaction cost and agency theorists have frequently cited trucks as prototypical userowned assets, and have consequently predicted a predominance of self-employed drivers who contract with motor carriers. In fact, owner-operators accounted for less than one-third of trucking activity conducted by large interstate trucking firms in 1991, a proportion that has changed little since deregulation....
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