Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/37598
Title: The Effects of Uncertainty and Reputation in Sub-Contracting Networks
Authors: YAN NAUNG OAK
Keywords: subcontracting, networks, coase, reputation, transaction costs, agent based simulation
Issue Date: 24-Aug-2012
Source: YAN NAUNG OAK (2012-08-24). The Effects of Uncertainty and Reputation in Sub-Contracting Networks. ScholarBank@NUS Repository.
Abstract: It is well known that modern production processes usually involve a large number of sub-contractors who each specialize in producing particular components that together form the final good. The efficiency afforded by the specialization, however, also incurs additional uncertainty in the production process, since each firm in the subcontract chain can fail to produce the component it is responsible for and jeopardize the entire production process. I construct a simulation model in which firms arranged on a network optimize their subcontracting decisions based on the local information available to them about their neighboring firms' reputations.
URI: http://scholarbank.nus.edu.sg/handle/10635/37598
Appears in Collections:Master's Theses (Open)

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