Contracting Practices in Bulk Shipping Markets: A Transactions Cost Explanation

Trust and Collaboration in the Aftermath of Conflict: The Effects of Contract Structure

“…By distinguishing between control and coordination provisions (rather than relying on standard measures of contractual complexity, such as length or detail; Joskow, 1987;Pirrong, 1993), we are able to to advocate for an increase in coordination provisions as a means of building competence-based trust in anticipation of conflict. Consistent with this, a South Asian executive recently explained to one of the authors that he refuses to do business with any U.S. firm unless the firm contractually agrees to sending each new project manager to his city and on a car ride from the airport to his manufacturing facility; the facility is 18 kilometers from the airport, but requires 3 hours of travel.…”

Kink in the intermodal supply chain: interorganizational relations in the port economy

“…More generally, this points to the need for greater specification of the differences between production and distribution processes in the application of transaction cost theory and what would constitute optimal governance arrangements in intermodal supply chains (see e.g. Pirrong 1993;Lafontaine and Masten 2002).…”

“…Nickerson and Silverman 2003). Second, intermodal chains of transportation and distribution may possess distinct properties that make models based on interorganizational chains of production less applicable (Pirrong 1993;Lafontaine and Masten 2002). For the relationship between the drayage sector and the port terminal operations, these factors may contribute to the persistence of intermodal disintegration.…”

The Make-or-Buy Decision: Lessons from Empirical Studies

“…Among the common empirical proxies for asset specificity are technical specifications like product complexity, qualitatively coded from survey data or quantitatively assigned by inspection, as a proxy for physical asset specificity (Masten, 1984;Bigelow, 2001); worker-specific knowledge, again coded from survey data, as a proxy for human asset specificity Teece, 1982a, 1982b;Masters and Miles, 2002); physical proximity of contracting firms, as a proxy for site specificity (Joskow, 1985(Joskow, , 1987(Joskow, , 1988b(Joskow, , 1990Spiller, 1985;González,-Diaz, Arruñada, and Fernández, 2000); and spatial and temporal proximity (Masten, Meehan, and Snyder, 1991;Pirrong, 1993;Hubbard, 1999). Other proxies, such as fixed costs or "capital intensity," have more obvious limitations and are rarely used.…”