My main focus is empirical research in industrial organization. I am currently mainly working on several projects that investigate how information affects the organization of firms and markets. I do so by examining relationships between technological and organizational change in the trucking industry.
There are two new papers in this research agenda.
The first, co-authored with George Baker, is entitled "Make or Buy in Trucking: Asset Ownership, Job Design, and Information." This examines how the diffusion of on-board computers have affected shippers' decision whether to use internal divisions or for-hire carriers to transport goods. We find that firms' boundaries reflect both the appropriation issues identified by Grossman and Hart (1986) and the job design and measurement cost issues highlighted in Holmstrom and Milgrom (1994). We also find that OBCs' incentive-improving capabilities have different affects on firms' boundaries from their resource-allocation-improving capabilities; the former leads to larger, more integrated firms, the latter leads to smaller, less integrated firms.
Finally, "Governance Structure in the Deregulated Trucking Industry," is the predecessor to "Contractual Form..." but also analyzes changes in contracting between 1987 and 1992.
All unpublished material Copyright Thomas N. Hubbard.
Old Class Materials
Below are links to materials I used for classes I taught in the economics department at UCLA. The graduate course materials includes discussion questions for many of the papers I covered in the course. All unpublished materials are copyright Thomas N. Hubbard, but individual teachers are welcome to use them for classroom purposes.
Econ 171. Industrial Organization: Theory and Tactics
Econ 174. Theory of the Firm
271c. Empirical Methods in Industrial Organization
Other Economics Links
If you have comments or suggestions, email me at firstname.lastname@example.org
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