This article reviews an emerging body of evidence on relational contracts, defined as
informal arrangements sustained by the value of future interactions. We focus on developing …

Publisher Summary This chapter discusses the operationalization of transaction cost
economics. Vertical integration, an understanding of which serves as a paradigm for helping …

Global Production is the first book to provide a fully comprehensive overview of the
complicated issues facing multinational companies and their global sourcing strategies. Few …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

M ORE than forty years have passed since Coase's fundamental insight that transaction,
coordination, and contracting costs must be considered explicitly in explaining the extent of …

This broad, balanced introduction to organizational studies enables the reader to compare
and contrast different approaches to the study of organizations. This book is a valuable tool …

Exploring the factors that explain the choice of governance structures in interfirm alliances,
this study challenges the use of a singular emphasis on transaction costs. Such an approach …

Firms are social communities that specialize in the creation and internal transfer of
knowledge. The multinational corporation arises not out of the failure of markets for the …

Transaction cost economics (TCE) is one of the most widely referenced organization
theories in operations and supply chain management research. Even though TCE is a …

In parallel with a theoretical acceptance of the importance of the laws of competition to
formulate strategy, the realization is growing that cooperative behavior among firms is at the …