Strategic Sourcing: Theory and Evidence from Economics and Business Management

Print, Ellen M.; Baldwin, Laura H.

doi:10.7249/mr865

Cited by 24 publications

(38 citation statements)

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“…Transaction costs depend on how the transaction is organised through governance structures and TCE makes 'several key assumptions about managerial behaviour when determining which governance structure is most efficient for a particular transaction' (Pint and Baldwin, 1997;Toffel, 2002, p. 2).…”

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

“…With increasingly complex customisation of services, long-term contracts and more hierarchical governance structures are required, allowing for adjustment clauses to respond to contingencies (such as the emergence of more efficient technologies) over the life of a contract (Pint and Baldwin, 1997).…”

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

“…We employ a model originally developed by Williamson (1985) and specified by Toffel (2002), Pint and Baldwin (1997) and Sorrell (2007). Sorrell's model in particular focuses on the economics of energy service contracts, which allows the analysis of EPC vis-à-vis other modes of governance in Germany's municipal street lighting market and their capacity to diffuse innovative EUEDs and enhance modernisation.…”

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

“…When the same streams and/or services are sourced from an external provider, transaction costs are associated with source selection, contract management and performance monitoring., dispute resolution (Pint and Baldwin, 1997) and opportunistic behavior (Sorrell, 2007). Transactions are governed through structures, which are located on a spectrum with hierarchical organisations (internal) at one end and spot markets at the other with hybrid mechanisms in between (Pint and Baldwin, 1997;Toffel, 2002) (see Figure 1). …”

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

“…This paper merges these areas of research by drawing from the energy services literature based on transaction cost economics and arguing that 'servitization' involving third-party contractors can accelerate the commercialisation and diffusion of energy efficiency technologies and help overcome systemic barriers. Compared to the traditional in-house approach to energy management, alternative approaches primarily imply the establishment of hybrid forms of economic organisation or more market based solutions through outsourcing (Pint and Baldwin, 1997;Toffel, 2002;Williamson, 1985).…”

Section: Introductionmentioning

confidence: 99%

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Exploring the Role of Servitization to Overcome Barriers for Innovative Energy Efficiency Technologies The Case of Public LED Street Lighting in German Municipalities

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DisclaimerThe works available here are the responsibility of the individual author(s) and do not necessarily represent the views of other SPRU researchers. As matters of policy and practice, SPRU does not endorse individual research contributions. Guidelines for authorsPapers shall be submitted in pdf or Word format. They should contain a title, an abstract, and keywords. Papers should be submitted to one of the Editors, who will process them and send them to the appropriate Associate Editor. Two members of SPRU will be asked to provide a short written review within three weeks. The revised versions of the paper, together with a reply to the reviewers, should be sent to the Associate Editor, who will propose to the Editors its publication on the series. When submitting the authors should indicate if the paper has already undergone peer-reviewing, in which case the Associate Editors may decide to skip internal review process. SPRU Working Paper Series (ISSN 2057-6668)The SPRU Working Paper Series aims to accelerate the public availability of the research undertaken by SPRU-associated people of all categories, and exceptionally, other research that is of considerable interest within SPRU. It presents research results that in whole or part are suitable for submission to a refereed journal, to a sponsor, to a major conference or to the editor of a book. Our intention is to provide access to early copies of SPRU research.

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Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

Section: Analytical Framework: Transaction Cost Economicsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Exploring the Role of Servitization to Overcome Barriers for Innovative Energy Efficiency Technologies The Case of Public LED Street Lighting in German Municipalities

2015

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Future liquefied natural gas business structure: a review and comparison of oil and liquefied natural gas sectors

Nikhalat-Jahromi

Fontes

Cochrane

2016

WIREs Energy & Environment

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The liquefied natural gas (LNG) trade provides the means of trading gas globally and represents about 10% of the gas trade. The forecasts show the LNG business will grow, over the next 20 years, at about twice the rate of the whole gas trade. Although the current state of LNG trade is well studied, the literature on the future business structure of it is limited and conflictual. This work considers the future LNG business structure by comparing the development trajectories of the oil and LNG sectors. In addition, it assesses the conclusions drawn by researchers against this background and the current pattern of change in the industry. The comparison involves three stages: (1) trade flows-oil and LNG trade flows are very similar, mainly due to the common distribution of the oil and gas reserves. (2) Supply chain configuration-the international trade for both fuels is tanker based thus allowing for a similar market responsive trade policy, i.e., real-time destination selection (spot sale) at a global scale. (3) Institutional developmentsthe current transparent and competitive global oil trade, with prices dominated by physical and paper markets, was driven previously by long-term contracts, in the same manner as the current LNG business. This analysis, together with transaction cost economics, supports the argument that, in future, LNG spot trade will increase and give rise to a competitive and globally unified LNG market. Furthermore, LNG pricing will become transparent and would be dominated by physical and paper markets benchmark prices.

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What encourages local authorities to engage with energy performance contracting for retrofitting? Evidence from German municipalities

2016

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Strategic Sourcing: Theory and Evidence from Economics and Business Management

Cited by 24 publications

References 0 publications

Exploring the Role of Servitization to Overcome Barriers for Innovative Energy Efficiency Technologies The Case of Public LED Street Lighting in German Municipalities

Exploring the Role of Servitization to Overcome Barriers for Innovative Energy Efficiency Technologies The Case of Public LED Street Lighting in German Municipalities

Future liquefied natural gas business structure: a review and comparison of oil and liquefied natural gas sectors

What encourages local authorities to engage with energy performance contracting for retrofitting? Evidence from German municipalities

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