«Make or Buy» im Nadelschnittholzhandel | «Make or Buy» for the trade of coniferous lumber | Zendy

Hubert Speth | Zendy; Carsten Merforth | Zendy; Matthias Raffius | Zendy

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«Make or Buy» im Nadelschnittholzhandel | «Make or Buy» for the trade of coniferous lumber

Author(s) -

Hubert Speth,

Carsten Merforth,

Matthias Raffius

Publication year - 2007

Publication title -

schweizerische zeitschrift fur forstwesen

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.189

H-Index - 10

eISSN - 2235-1469

pISSN - 0036-7818

DOI - 10.3188/szf.2007.0394

Subject(s) - opportunism , transaction cost , rationality , bounded rationality , database transaction , point (geometry) , microeconomics , business , economics , industrial organization , marketing , computer science , market economy , political science , mathematics , programming language , geometry , law

Within this essay the questions of if and how the theoretical considerations of the transaction cost theory for the market of Scandinavian coniferous lumber are also valid for Germany were analyzed. For this, the market is analyzed from the point of view of the different actors (agents and brokers, sales office, importing sawmills). It becomes evident that many problems from the daily working experience can be analyzed with the help of transaction cost theory. In particular, assumptions on human behavior such as «bounded rationality» and «opportunism», which are described by this theory, play an important role in all aspects.

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