Detail Contractural Form and Market Thickness in Trucking   Oleh:  Hubbard, Thomas Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 32 no. 2 (2001), page 369-386. Topik: MARKETS; contractual form; market thickness; trucking Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A central proposition of the transaction costs literature is that firms will substitute more complicated contractual arrangements for simple spot arrangements when transactions involve relationship - specific investments. I investigate this proposition by testing whether simple spot arrangements are less common when local trucking markets are thin. I find that doubling the thickness of the market increases the likelihood that simple spot arrangements govern transactions by about 30 % for long hauls. I find weaker evidence of relationships between local market thickness and contractual form for short - hauls for which quasi - rents are particularly small. Contracts protect quasi - rents over a surprisingly large range, but they play a less important role as quasi - rents decrease. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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