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Physical Infrastructure and Logistics from the Perspective of Transaction Cost Economics

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Platje J.
Central and Eastern European Journal of Management and Economics (CEEJME)
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2013
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vol. 1
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issue 1
35-46
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In this article, the importance of physical infrastructure for reducing transaction costs and the use of transaction cost economics for analysing logistic chains is discussed. Transaction cost analysis facilitates the identification of frictions in the logistic chain, which is not only useful for improving its efficiency, but also to manage potential crises in these logistic chains.
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