Reversal of bargaining power in construction projects: meaning, existence and implications
Volume: 25, Issue: 8, Pages: 845 - 855
Published: Aug 1, 2007
Abstract
Reversal of bargaining power arising from asset specificity is important for the understanding of hold‐up problems. Various types of asset specificity have been identified in different transaction contexts, but a previously unidentified or unnamed type is developed here: process specificity. Numerous widely used financial and contractual preventive measures in construction practice can be justified as responses to this problem of process...
Paper Details
Title
Reversal of bargaining power in construction projects: meaning, existence and implications
Published Date
Aug 1, 2007
Volume
25
Issue
8
Pages
845 - 855
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