Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22079 
Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
Tübinger Diskussionsbeiträge No. 272
Verlag: 
Eberhard Karls Universität Tübingen, Wirtschaftswissenschaftliche Fakultät, Tübingen
Zusammenfassung: 
The use of information plays an important role in the choice of transfer prices (TP). We discuss the information provision of two centralized mechanisms, namely, actual-cost and standard-cost based TP. Actual cost based TP use all available cost information whereas standard cost based TP only reflect expected cost. We analyze the impact of either regime on the incentives of two divisions that make upfront investments and - later - trade an intermediate good. Actual cost based TP allow for a flexible adjustment of the trade decision to the realization of marginal costs but lead to under-investment and under-trade. Standard cost based TP provide excellent investment incentives but loose flexibility. Which of both TP regimes is superior thus depends on the amount of uncertainty, the returns on investments and the average profitability of trade
Schlagwörter: 
Transfer Pricing
Hold Up Problem
Intrafirm Trade
Incomplete Contracts
JEL: 
M40
D23
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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