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Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...
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organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the indirect … outsourcing of the less important supplier is chosen in equilibrium. We also consider an open economy setup where the producer …
Persistent link: https://www.econbiz.de/10010282060
organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the indirect … outsourcing of the less important supplier is chosen in equilibrium. We also consider an open economy setup where the producer …
Persistent link: https://www.econbiz.de/10010282160