Francine Lafontaine
University of Michigan, USA

Lafontaine

Homepage

(Monday, 1st April 2002)

Title : The Economics of Franchising

This lecture will review the basic principal-agent model as it has been applied to analyses of linear contracts, and a number of theoretical extensions. The goal will be to highlight empirical predictions from these models, and compare them to results in the empirical literature on franchising.

Bibliographical references :

Francine Lafontaine, Kathryn L. Shaw, "Targeting Managerial Control: Evidence from Franchising" , NBER Working Paper No.w8416, August 2001.

Lafontaine

Homepage

(Monday, 31st May 2010)

Title : Inter-Firm Contracts: Evidence

In this lecture, we will review much of what is known empirically about the contracting practices that firms rely on to govern their relationships with other firms, in particular the types of relationships that occur within the vertical chain, where one party supplies either an input or a service - often distribution - to the other. We will pay particular attention to the reasons for entering into the observed contractual relationships and the associated costs and benefits and consider both empirical studies of the incidence of contracts --- when different types of contracts and contract terms are chosen --- and empirical analyses of the effects of those choices on outcomes such as profits, prices, sales, and firm survival. We will conclude with a discussion of those aspects of the literature that are in greatest need of new work or new approaches.

Bibliographical references :

Paper to be discussed : Francine Lafontaine and Margaret E. Slade (2010), Inter-Firm Contracts: Evidence (mimeo).

Other references :
Lafontaine, Francine and Margaret E. Slade, “Vertical Integration and Firm Boundaries: The Evidence” Journal of Economic Literature, 45: 629-685, 2007.
Lafontaine, Francine and Margaret E. Slade, “Empirical Assessment of Exclusive Contracts,” in Handbook of Antitrust Economics, Paolo Buccirossi (ed.) Cambridge: MIT Press, 2008.

Lafontaine

Homepage

(Monday, 20th May 2019)

Title : TBA

CNRS Chaire GovReg Europe