A transaction cost economics explanation of buyer-seller relationships Analysis of flexibility in buyer …-seller relationships from a transaction cost economics perspective Rational flexibility in buyer-seller relationships - A real options … approach Real flexibility in buyer-seller relationships - An Austrian economics perspective …

). The TCE rationale tends to emphasize the benefits of reduced flexibility in relationships. Institutional safeguards are … recommended in order to protect against behavioral uncertainty thereby simultaneously reducing flexibility. Nevertheless, this … perspective largely disregards the value of greater flexibility in the presence of environmental uncertainty. Due to environmental …

The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects …