The Dynamics of Franchise Contracting: Evidence from Panel Data

Article, Preprint OPEN
Francine Lafontaine ; Kathryn L. Shaw (1996)
  • Journal: Journal of Political Economy, volume 107, issue 5 October, pages 1,041-1,080
  • Related identifiers: doi: 10.1086/250090
  • Subject:
    • jel: jel:L20 | jel:L14

In this paper, we model the determinants of franchise contract terms, namely royalty rates and franchise fees, using a unique panel data set of about 1000 franchisors for the period 1980-1992. We focus on the extent to which firms adjust the terms of their contracts as ... View more
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