Utskriftsvänlig version

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A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Å | Ä | Ö | ALLA

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  ALLA

F

fundamental transformation

Oliver Williamson refers to this as fundamental transformation: before investing in relationship-specific assets, the buyer can buy from any number of competing sellers (a ‘large numbers’ bargaining situation); after the investment, buying from anyone else than the current seller incurs an additional cost known as the switching cost (a ‘small numbers’ bargaining situation).


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