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Immer mehr Unternehmen intensivieren vor dem Hintergrund zunehmender Komplexität sowie technologischer und wettbewerblicher Dynamik ihre Lieferanten- und Kundenbeziehungen bis hin zu engen Partnerschaften. Sie sehen diese als Voraussetzung für dauerhaft wirkende Wettbewerbsvorteile an.// Mit...
Persistent link: https://www.econbiz.de/10009467182
Most markets have evolved as buyers and sellers constantly search for ways to create value, however this has not occurred naturally in all areas of the economy – markets are missing for some goods, including the environment. In such cases, transaction costs linked to property rights, asymmetric...
Persistent link: https://www.econbiz.de/10009442457
This paper presents an analysis of agricultural contracts using a transaction costs approach. We contend that in a context of modern agriculture, with well defined property rights, agricultural contracts must balance costs and benefits, aligning tenant and landlord incentives towards a similar...
Persistent link: https://www.econbiz.de/10009442522
"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...
Persistent link: https://www.econbiz.de/10009468491
"One of the missing links in common property research has been the interaction between common property resource users and the market. The present research fills that gap with a study of Mexico's agrarian communities which coordinate timber production within their commonly-owned forest land. The...
Persistent link: https://www.econbiz.de/10009468498
Transaction costs, one often hears, are the economic equivalent of friction in physical systems. Like physicists, economists can sometimes neglect friction in formulating theories; but like engineers, they can never neglect friction in studying how the system actually does let alone should work....
Persistent link: https://www.econbiz.de/10009430091
Academicians and practitioners are becoming increasingly interested inthe economics of Information Technology (IT). In part, this intereststems from the increased role that IT now plays in the strategicthinking of most large organizations, and from the significant dollarcosts expended by these...
Persistent link: https://www.econbiz.de/10009435059
incentives faced by firms and individuals represents the starting point for a systematic analysis of opportunism in any field, we …
Persistent link: https://www.econbiz.de/10009445534
. One phenomenon of great significance to buyer-supplier relationships is opportunism. Opportunism is defined as behavior … withholding information. Opportunism negatively impacts relational exchange tenets such as trust, commitment, cooperation, and … satisfaction. Furthermore, perceptions of opportunism negatively affect firm performance. In lieu of the known negative effects of …
Persistent link: https://www.econbiz.de/10009475052
-specific investments (TSIs) in a customer relationship increase his/her concerns for opportunism by his/her own co-workers. Thus, unlike … prior research in marketing that examines opportunism by the recipient of TSIs, I show that agents become concerned with … opportunism by non-recipients of TSIs. I then introduce novel moderators that shape the relationship between TSIs and concerns for …
Persistent link: https://www.econbiz.de/10009475892