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...

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Bibliographic Details
Main Authors: Dutto, Martín, Gallacher, Marcos
Format: Online
Language:spa
Published: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2011
Subjects:
Online Access:https://revistas.unc.edu.ar/index.php/REyE/article/view/6508