Asset specificity and contractual relations: Analysis of a construction case study
The purpose of this paper is to describe mechanism included in construction contracts that have the purpose of reducing transaction costs. Contractual solutions are analyzed focusing, in particular, on asset specificity and bounded rationality. A public works contract case is used as empirical evide...
Guardado en:
| Autores principales: | , |
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2011
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| Materias: | |
| Acceso en línea: | https://revistas.unc.edu.ar/index.php/REyE/article/view/6508 |
| Aporte de: |
| Sumario: | The purpose of this paper is to describe mechanism included in construction contracts that have the purpose of reducing transaction costs. Contractual solutions are analyzed focusing, in particular, on asset specificity and bounded rationality. A public works contract case is used as empirical evidence of the theoretical concepts. |
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