Supply chain collaboration in tourism: A transaction cost economics analysis

Piboonrungroj, P. and Disney, Stephen Michael ORCID: https://orcid.org/0000-0003-2505-9271 2015. Supply chain collaboration in tourism: A transaction cost economics analysis. International Journal of Supply Chain Management 4 (3) , pp. 25-31.

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Abstract

This paper explores inter-firm collaboration in a tourism supply chain via transaction cost economics using a single case-study method. We focus on supply chain collaboration between a hotel, and its food and beverage suppliers. The transaction costs found consist of the search cost and cost of quality checking. Search cost exists due to bounded rationality of the firm. This is influenced by asymmetric information. The cost of quality checking incurs because the firm perceives that its suppliers may behave opportunistically. It is revealed that trust could reduce transaction cost of the tourist operators.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	G Geography. Anthropology. Recreation > GV Recreation Leisure H Social Sciences > HD Industries. Land use. Labor
Additional Information:	This journal has an Open Access policy. http://ojs.excelingtech.co.uk/index.php/IJBIT/about/editorialPolicies#openAccessPolicy.
Publisher:	ExcelingTech Publishers
Date of First Compliant Deposit:	30 March 2016
Date of Acceptance:	30 September 2015
Last Modified:	03 May 2023 07:06
URI:	https://orca.cardiff.ac.uk/id/eprint/77631

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