Forward integration into distribution: An empirical test of transaction cost analysis

George John, Barton A. Weitz

Research output: Contribution to journalArticlepeer-review

355 Scopus citations
Original languageEnglish (US)
Pages (from-to)337-355
Number of pages19
JournalJournal of Law, Economics, and Organization
Issue number2
StatePublished - Sep 1988

Bibliographical note

Funding Information:
The authors are in alphabetical order. The financial support provided to the first author by the Graduate School Research Committee, University of Wisconsin is gratefully acknowledged. The comments of the JLEO reviewer are greatly appreciated. 1. Specialized assets are those investments in physical and/or human assets that have very limited salvage value outside the focal exchange. 2. Uncertainty refers to the condition of being unable to predict relevant contingencies. 3. Frequency refers to the distinction between one-shot exchange and recurrent exchange. We shall not deal with this variable here since we are interested only in recurrent exchange.

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