<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Transaction Cost Economics (TCE) is an economic theory that provides an analytical framework for  investigating the governance structure of contractual relations within a supply chain. The purpose of this paper  is to examine existing research in an effort to understand the potential effects of transaction costs on the vertical  coordination of a supply chain. The paper arrives at many insights into how supply chains are organized under  different governance structures. These insights can certainly be shared via the development and introduction of  related propositions. The conceptual typology of contractual relations developed herein can help researchers  better understand the scope of both the problems and the opportunities associated with supply management. It  will be of value, therefore, not only to researchers who desire to expand their research into this area, but also to  those who have already investigated this topic in isolation or with limited scope. </p></abstract>

Transaction Cost Economics (TCE) is an economic theory that provides an analytical framework for  investigating the governance structure of contractual relations within a supply chain. The purpose of this paper  is to examine existing research in an effort to understand the potential effects of transaction costs on the vertical  coordination of a supply chain. The paper arrives at many insights into how supply chains are organized under  different governance structures. These insights can certainly be shared via the development and introduction of  related propositions. The conceptual typology of contractual relations developed herein can help researchers  better understand the scope of both the problems and the opportunities associated with supply management. It  will be of value, therefore, not only to researchers who desire to expand their research into this area, but also to  those who have already investigated this topic in isolation or with limited scope.

Supply Management: A Transaction Cost Economics Framework

Garfamy Faculty of Economics, Management and Administration Sciences, Semnan University, Iran

South East European Journal of Economics and Business

{"article-title":"Supply Management: A Transaction Cost Economics Framework"}

Transaction Cost Economics (TCE) is an economic theory that provides an analytical framework for  investigating the governance structure of contractual...

Supply Management: A Transaction Cost Economics Framework

Published Online: Mar 09, 2013

Page range: 139 - 147

DOI: https://doi.org/10.2478/v10033-012-0022-6

This content is open access.