BREAD Working Paper No. 503, February 2017

Vertical Integration and Relational Contracts: Evidence from the Costa Rica Coffee Chain Rocco Macchiavello, Josepa Miquel-Florensa Abstract This paper compares integrated firms, long-term relationships and markets, and how they adapt to shocks in the Costa Rican coffee chain. The industry is characterised by significant uncertainty. Supply failures responses to unanticipated increases in reference prices reveal […]