Marketing co-operatives (MCs) are analysed from an incomplete contracting perspective. The requirement of the domination of control by the members of a MC is a threat to the survival of a MC in markets where the level of asset specificity at the processing stage of production is increasing....

The relationship between the financial structure of a marketing cooperative (MC) and the requirement of the domination of control by the members is analysed from a transaction costs perspective. A MC receives less favorable terms on outside equity than a conventional firm because the decision...

Though the majority of standards are company standards, scientific standardisation literature pays hardly any attention to them. In this paper we describe results from a research project on company standardisation (Oly & Slob, 1999). The researchers investigated six chemical and petrochemical...

The interrelationships among technology, organization, and territory in an economic system have been considered as a 'holy trinity' from the perspective of regional development studies. The mutual information in three dimensions was proposed as an indicator of the surplus value (entropy) in...

This article analyses the impact of ownership structure on investments in a three-party supply chain from an incomplete contracting perspective. Circumstances are determined in which a marketing cooperative is the unique first-best ownership structure.

Governance concerns the organisation of transactions. Four research themes regarding the governance of chains and networks are identified: decision rights, income rights, alignment, and cognition.

Systems are composed of complementary products (e.g., video game systems are composed of the video game console and video games). Prior literature on indirect network effects argues that, in system markets, sales of the primary product (often referred to as "hardware") largely depend on the...

Chinese entrepreneurs innovatively manage organisations in the absence of strong economic institutions, under conditions of high environmental and technological uncertainty. This paper presents the findings of an empirical study designed to investigate how Chinese entrepreneurs can be successful...