Excerpt from The Interaction of Uncertainty and Asset Specificity in Component Make-or-Buy DecisionsStage assembly components in a division of a major US automobile manufacturer. By specifying two types of uncertainty - volume and technological, and controlling for production costs, we find evidence to support his hypothesis. However, the results show that volume and technological uncertainty are managed differently by the division; the implications of this finding for Williamson's theory is discussed.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy.

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