Contract Mapping

May 1, 2010 — Neil Boyle

Contract mapping illustrates and explains the relationships between the contract triple of: the price of the transaction, the technology as measured by the asset specificity of the transaction, and the safeguards that protect the transaction assets and its agreements from contract hazards. Contract mapping introduces the concept of vertical integration. For details, see “Vertical Integration as Paradigm” soon to be posted on this website.  The writing is mine but the ideas are those of Oliver E. Williamson. To read further about contract mapping, click on the link below.

CONTRACT MAPPING ver2 5-1-2010

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