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Fragmentation of production into more and more complex supply chains is a prominent feature of globalization. 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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central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or …
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transactions cost theory, he simultaneously analyzes much of current literature and provides his own insights in to the theory of …
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