Authors: Keith Blois; Stefanos Mouzas
Companies face the problem that it is often impossible for counterparties to manifest their consent in a complete contract. Barriers to concluding complete contracts are regarded as transaction costs: they are the costs of negotiating, drafting and enforcing agreed transactions. This study investigates one way in which firms deal with this problem by investigating framework contracts between firms in the context of multinational firms involving food and drinks products, pharmaceutical products, service providers and grocery retailers based on an empirical investigation conducted in Germany and the United Kingdom between September 2008 and March 2011.
Journal: n.a. (n.a. – n.a.)
Web Address: n.a.
Publish Year: 2012
Conference: Rome, Italy (2012)