Notes
Examples include: Physical asset specificity – investments in specialized facilities, tools or equipment; Human asset specificity – investments in specialized skills, knowledge, or training; and Site specificity – investments in location (e.g., of equipment, facilities) that economize on transportation or inventory costs.
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Melese, F. Insights from Transaction Cost Economics for Government Organizations: An Application to the U.S. Department of Defense (DoD). Atl Econ J 49, 109–111 (2021). https://doi.org/10.1007/s11293-021-09705-6
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DOI: https://doi.org/10.1007/s11293-021-09705-6