Description: Based on manufacturing contracts commissioned by the European Laboratory for Particle Physics (CERN) in Geneva, Nordberg (CERN) and Verbeke (business, Free U. of Brussels) examine the design of efficient buyer-supplier contracts within the institutional boundaries faced by the buyer, focusing on vertical buyer-supplier linkages as a source of supplier core competencies in an environment driven by cost and technology. They particularly investigate what is the most efficient governance structure for organizing buyer-supplier relations within the specific context, and what type of impact would technology- oriented government contracts have on supplier core competencies. The treatment might interest economists and managers in high technology industries and public organizations.

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