Vertical intergration is an organizational response to the contracting difficulties that attend intermediate product markets where trades that are supported by transaction-specific assets are exposed to hazard. (Oliver E. Williamson)

Vertical intergration is an organizational response to the contracting difficulties that attend intermediate product markets where trades that are supported by transaction-specific assets are exposed to hazard.

Oliver E. Williamson

Related topics

assets contracting difficulties hazard intermediate product response vertical trades

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