The ‘make or buy’ decision in private environmental transactions
نویسندگان
چکیده
منابع مشابه
17. The Make-or-Buy Decision: Lessons from Empirical Studies
The “transaction cost” theory of the firm introduced by Coase (1937) has become a standard framework for the study of institutional arrangements. The Coasian framework helps explain not only the existence of the firm, but also its size and scope. Why, in Coase’s (1937, pp. 393–94) words, “does the entrepreneur not organize one less transaction or one more?” Some firms are highly integrated: IBM...
متن کاملComplexity, Flexibility, and the Make-or-Buy Decision
Sixty-five years ago, Ronald Coase (1937) asked what determines whether production will be organized in a firm or through the market, later coined the "make-or-buy" decision. This question was put center stage by Oliver Williamson (1975, 1985) who further developed transaction-costs economics (TCE), arguing that incomplete contracts and specific relationships overshadowed by opportunism, asymme...
متن کاملMake , Buy , or Cooperate ?
In 1937, Ronald Coase argued that firms will exist only in environments in which firms perform better than markets could. To create space for firms, Coase suggested that some environments might be plagued by “transaction costs” that cause markets to perform poorly. Coase’s paper was to become the cornerstone of the economic theory of the firm (i.e., the “make or buy” decision: which activities ...
متن کاملThe Make-or-Buy Decision in ICT Services: Empirical Evidence from Luxembourg
In this paper, we seek to analyse the main drivers of firms’ choice in terms of outsourcing and/or offshoring of Information and Communication Technologies (ICT) services. As globalisation is a new way firms choose to organize their activities, a broad literature focuses on the outsourcing and the offshoring of activities (Grossman and Helpman, 2005; Marin and Verdier, 2003). Even if a lot of p...
متن کاملThe Theory of Constraints and the Make-or-Buy Decision – An Update and Review
The make-or-buy decision is an important one for many organizations. Traditionally it has been made using standard cost accounting methods. Gardiner and Blackstone (1991) showed in this journal that a better decision in the one bottleneck-one product case could be made if bottleneck capacity was incorporated into the decision. In this paper a method based on spreadsheet LP is suggested that giv...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: European Journal of Law and Economics
سال: 2008
ISSN: 0929-1261,1572-9990
DOI: 10.1007/s10657-008-9080-8