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Article: The Coasian market-firm dichotomy and subcontracting in the construction industry

TitleThe Coasian market-firm dichotomy and subcontracting in the construction industry
Authors
Lai, LWC
KeywordsAmbiguity Of The Firm
Coasian Firm
Coasian Market
Subcontracting
Transaction Costs
Issue Date2000
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management And Economics, 2000, v. 18 n. 3, p. 355-362 How to Cite?
AbstractThis is a contribution to the debate on the contractual nature of subcontracting in the construction industry by arguing, contrary to certain views in the literature on institutional and construction economics, that the Coasian firm-market dichotomy is not blurred or pointless. By reference to the type and number of contracts, the study offers a way to distinguish the firm from the market as well as the precise nature of subcontracting in terms of such distinction. Subcontracting is shown to be a nexus of Coasian firms interacting through the main contractor with a monopsony consumer in a Coasian market. © 2000 Taylor & Francis Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/168688
ISSN
0144-6193
2020 SCImago Journal Rankings: 0.880
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorLai, LWCen_US
dc.date.accessioned2012-10-08T03:31:31Z-
dc.date.available2012-10-08T03:31:31Z-
dc.date.issued2000en_US
dc.identifier.citationConstruction Management And Economics, 2000, v. 18 n. 3, p. 355-362en_US
dc.identifier.issn0144-6193en_US
dc.identifier.urihttp://hdl.handle.net/10722/168688-
dc.description.abstractThis is a contribution to the debate on the contractual nature of subcontracting in the construction industry by arguing, contrary to certain views in the literature on institutional and construction economics, that the Coasian firm-market dichotomy is not blurred or pointless. By reference to the type and number of contracts, the study offers a way to distinguish the firm from the market as well as the precise nature of subcontracting in terms of such distinction. Subcontracting is shown to be a nexus of Coasian firms interacting through the main contractor with a monopsony consumer in a Coasian market. © 2000 Taylor & Francis Ltd.en_US
dc.languageengen_US
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.aspen_US
dc.relation.ispartofConstruction Management and Economicsen_US
dc.subjectAmbiguity Of The Firmen_US
dc.subjectCoasian Firmen_US
dc.subjectCoasian Marketen_US
dc.subjectSubcontractingen_US
dc.subjectTransaction Costsen_US
dc.titleThe Coasian market-firm dichotomy and subcontracting in the construction industryen_US
dc.typeArticleen_US
dc.identifier.emailLai, LWC:wclai@hku.hken_US
dc.identifier.authorityLai, LWC=rp01004en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0001343934en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0001343934&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume18en_US
dc.identifier.issue3en_US
dc.identifier.spage355en_US
dc.identifier.epage362en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridLai, LWC=7202616218en_US
dc.identifier.issnl0144-6193-

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