Topic
Opportunism
About: Opportunism is a research topic. Over the lifetime, 2030 publications have been published within this topic receiving 97170 citations. The topic is also known as: opportunist.
Papers published on a yearly basis
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TL;DR: It is contended in this essay that contractarian prescriptions for health law pose large risks for the authors' health system's trustworthiness, and the law should demand contractual honesty as the price for deference to contractual freedom.
Abstract: INTRODUCTION 919 I. TRUST, BETRAYAL, AND CONTRACT IN THE HEALTH SPHERE 920 A. The Contractarian Challenge to Trust-Supporting Legal Rules......... 922 B. Selfishness-Suppressing Norms and the Case Against Contract ........ 925 C. Ex Ante Choices and "Later Selves " 927 D. Opportunism and the "Trust Problem " 930 II. CAN THE CASE FOR CONTRACT BE SAVED? 932 A. Is There a Crisis of Trust? 933 B. The Relationship Between Health Care Law and Trust 934 1. Treating trust as a problem 935 2. Treating trust as a virtue 939 3. Regulation as distrust. 947 CONCLUSION: MARKETS FOR TRUST AND BETRAYAL . 949
18 citations
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TL;DR: This paper showed that outsourcing firms could also make use of brand equity to safeguard themselves from the threat of potential market entry by outsourcing suppliers when the outsourced component is a core competence, particularly when the rate of learning is at best moderate.
Abstract: Outsourcing has long been touted as an avenue for companies to divest their non-core processes for cost and efficiency gains. However, outsourcing has since become so sophisticated that some companies are even outsourcing core functions such as engineering, marketing, and R&D and as a consequence, could be unknowingly nurturing its outsourcing partners as future competitors. Through formal game theoretic analysis, we show that in addition to learning, outsourcing firms could also make use of brand equity to safeguard themselves from the threat of potential market entry by their outsourcing suppliers when the outsourced component is a core competence, particularly when the rate of learning is at best moderate. In addition, we show that it may be optimal for outsourcing firms to adopt a make-and-buy strategy.
18 citations
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TL;DR: In this article, the authors explain how incentives are being incorporated in the governance structure of shipping and influence the evolution of institutions functioning under the shipping culture, which is embedded in the minds of people.
Abstract: With serious maritime accidents not showing signs of decrease, concern over the quality of shipping is growing more than ever. Many maritime rules and regulations are implemented to regulate shipping. However, they are only to set out the minimum standard. More proactive measures using incentives have recently been introduced to promote a higher level of governance in ship management and operation. The original and the new institutional economics give interesting perspectives on the governance structure and the institutional environment surrounding these phenomena of shipping transactions. The concepts of bounded rationality and opportunism in institutional economics are applicable to shipping. Incentive schemes can be seen as the agents of change. This paper intends to explain how incentives are being incorporated in the governance structure of shipping and influence the evolution of institutions functioning under the shipping culture, which is embedded in the minds of people.
18 citations
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TL;DR: This article applied the work of Abrams and Iossifov (2006) to monetary policy in Canada to see if same political party affiliation is needed to produce evidence of political opportunism.
Abstract: In this paper I apply the work of Abrams and Iossifov (2006) to monetary policy in canada to see if same political party affiliation is needed to produce evidence of political opportunism. After modifying their anaylsis to maintain consistency in the time series dimensions of their variables for Canada, I find both an error correction model and a Taylor rule of reformulation of their test generate evidence consistent with same party political opportunism, but only weakly so. On the other hand, I find also that more traditional indicators of political influence present even more convincing evidence of political dependence. In particular, the data suggest that the election of a Liberal party government, a decrease in the degree of political competition, and to a lesser extent, the election of a minority government all positively influence the expansiveness of Canadian monetary policy. In combination, these findings are consistent with the hypothesis that the Bank of Canada is less rather than more independent that is the Fed.
18 citations
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TL;DR: In this paper, a large empirical sample of buyer-supplier relations is used to provide an empirical study using social capital as theoretical lens, and it analyzes both supplier and buyer opportunism at the same time.
Abstract: In light of increasingly tight buyer–supplier relationships, opportunism is a problem of increasing relevance. So far, opportunism has mainly been researched as a detrimental action by suppliers and interpreted with an institutional economics lens. Recent conceptual work, however, has argued more for a behavioral approach to operations management, suggesting benefits of taking a social capital perspective on opportunism. Based on a large empirical sample of buyer–supplier relations, this paper aims to provide an empirical study using social capital as theoretical lens. Further, it analyzes both supplier and buyer opportunism at the same time.,The paper, through following a quantitative approach, considers the interacting dyad of buyer and supplier opportunism, its antecedents as well as its performance implications.,Findings did not support the expectation that supplier opportunism will be countered by buyer opportunism in a single relationship. However, social capital in the form of cognitive and relational capital has been found as a good predictor of opportunism. This study proposes new measures for structural capital. Further the study confirms the detrimental effect of opportunism on performance of the buyer–supplier relationship, highlighting the mediating role of innovation as building block of relational competitive advantage.,Previous studies on opportunism in buyer–supplier relations were mostly transaction cost-oriented, thus neglecting the behavioral aspects of exchange processes. Introducing social capital theory revealed to be a rewarding amplification of the perspective. Next, most research up till now was focused on explaining supplier opportunism only. This study contributes by analyzing both sides of the interacting dyad. Finally, this research closes a research gap by not only explaining the occurrence of opportunism but by also testing its performance outcomes. Accordingly, this study contributes to the opportunism literature, social capital theory development and to the management of buyer–supplier relations.,Building up cognitive and relational capital is likely to be a tool to reduce the danger of opportunism – both with the partner firm, as well as inside the own organization. As such, firms need to make sure that both forms of social capital are present to a higher extent. If this is not the case, opportunistic actions on both buying and supplying side might occur which have damaging impacts on the generation of innovation as well as the achievement of strategic advantages.,While previous studies have focused on explaining supplier opportunism, an analysis of both sides of the interacting dyad between buyer and supplier opportunism is missing. Not only does this research provides further insights with regard to the latter, but further considers the role of social capital as underlying factor explaining both buyer and supplier opportunism. Also, this research answers the call on more research about the relation between opportunism and performance, specifically focusing on innovation and strategic advantage generation.
18 citations