The aim of this research project is to empirically examine the nature of learning processes in commercial contractual relationships and the potential economic, strategic and organizational implications of differences in learning among contracting organizations.
Key questions that the project will seek to answer involve:
• How do organizations learn to contract?
• How does the level of contracting capability held by an organization affect learning processes related to contracting?
• How do differences in contracting capability between contracting organizations affect the negotiation process in which contractual forms, terms, and clauses are agreed upon?
The project will contribute to the learning-to-contract literature in strategic management and transaction cost economics by showing how differences in learning and the development of contracting capabilities affects the design and revisions of contracts, the allocation of risk/responsibilities between parties, the choice of different payment models, and the duration of contractual relationships.
The research project Asymmetric Contracting Capabilities: The Economic and Organizational Impact of Firms’ Learning to Contract is funded by the Swedish Research Council.
Researchers
Associate professor Niklas Lars Hallberg (project leader)
PhD Candidate