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  • 1
    Electronic Resource
    Electronic Resource
    Reform of European Merger Policy (2004)
    Oxford, UK and Boston, USA : Blackwell Publishing Ltd
    Review of international economics 12 (2004), S. 0 
    Details
    ISSN: 1467-9396
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: The paper highlights the main drivers for merger policy reform in the European Union, including the consequences of the recent appeal court reverses. It discusses some of the substantive and procedural issues that the reform package should address, and outlines the reforms in progress. The author concludes that much of the reform package will be beneficial, but some important opportunities have been missed in this inevitably patchwork process.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1467-9396.2004.00447.x
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  • 2
    Electronic Resource
    Electronic Resource
    Contracts and Specific Investment: An Empirical Test of Transaction Cost Theory (1994)
    Oxford, UK : Blackwell Publishing Ltd
    Journal of economics & management strategy 3 (1994), S. 0 
    Details
    ISSN: 1530-9134
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Empirical work has failed to keep pace with recent advances in transaction cost theory and the theory of contract. The first econometric analysis of its kind is reported by using a new data set of small subcuntractors making specific inputs for customers in the engineering industry. The use of formal contracts is found to be strongly associated with specific investment and other variables measuring technological complexity and vulnerability to potential opportunism by customers. Furthermore, despite typically long-term relationships, over half of subcontractors avoid making efficient, specific investments. Overall, we find strong support for the transaction cost theory of contracts.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.1430-9134.1994.00257.x
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  • 3
    Electronic Resource
    Electronic Resource
    Small subcontractors in UK engineering: Competitiveness, dependence and problems (1993)
    Springer
    Small business economics 5 (1993), S. 101-109 
    Details
    ISSN: 1573-0913
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper reports the results of a new survey of small subcontractors in UK engineering. We are able to characterise the main source of competitive advantage as being experience with a particular technology. Labour flexibility, but not cheap labour, is also a necessary condition for success. There is a clear trend towards limited concentration of one third of all output with the single most important customer. More negatively, there is evidence for substantial avoidance of ideal, relationship specific investments, and for lack of communication and trust. This is despite the fact that most subcontractors are located close to their customers and have been serving them for many years.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01531909
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