Abstract
This article examines debates over the emergence of multiple retailers' market power through the historical growth of relational contracting within British food retailing. The article documents the changing pattern of relational contracting. Contracting is suggested to adapt to changes in the importance of branded goods, own-label goods and asset specific investment in retailing outlets and logistics. In conclusion the article challenges the neo-classical view that markets are characterised by discrete classical contracting in favour of a view which emphasises firms' risk minimising strategy based upon relational contracting and market power.
| Original language | English |
|---|---|
| Pages (from-to) | 175-186 |
| Number of pages | 12 |
| Journal | Service Industries Journal |
| Volume | 19 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1999 |
ASJC Scopus subject areas
- Strategy and Management
- Management of Technology and Innovation
Fingerprint
Dive into the research topics of 'Information costs and information asymmetry in British food retailing'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver