Professional Documents
Culture Documents
negotiation
enforcing contracts
influences
uncertainty
frequency of recurrence
asset specificity
Examples
tradeoff between
external transactions
and the cost of internal
operations
company chooses to
allocate resources so
total cost is minimum
outsourcing of
peripheral, non-core
activities
D3 Dn
P D1
(1 k ) (1 k ) 2 (1 k )3 (1 k ) n
D2
P = D/k
foreign currencies
legal differences
language
attitudes
role of government