한국보건사회연구원 전자도서관

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Contracts and Technology Adoption /

개인저자
Acemoglu, Daron ;, Antras, Pol ;, Helpman, Elhanan
수록페이지
916-943 p.
발행일자
2007.06.20
출판사
American Economic Association
초록
[영문]AbstractWe develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model, a firm chooses its technology and investment levels in contractible activities by suppliers of intermediate inputs. Suppliers then choose investments in noncontractible activities, anticipating payoffs from an ex post bargaining game. We show that greater contractual incompleteness leads to the adoption of less advanced technologies, and that the impact of contractual incompleteness is more pronounced when there is greater complementary among the intermediate inputs. We study a number of applications of the main framework and show that the mechanism proposed in the paper can generate sizable productivity differences across countries with different contracting institutions, and that differences in contracting institutions lead to endogenous comparative advantage differences