Security of supply in the import value chain of low-carbon hydrogen

The Russian invasion of Ukraine has created a renewed focus on both climate change and security of supply of energy. The European Commission’s Green Deal highlights the importance of the clean energy carrier ’low-carbon hydrogen’ to combat climate change. Simultaneously, in the new REPowerEU package, the European Commission emphasises the...

Evaluation of Central Bank-issued Digital Currency (CBDC) Implementation Designs using Transaction Cost Economics Perspective

The advancement in digital technology provides room for innovations in many sectors, including in the financial sector. The development of digital currencies is one example of digital advancements in this sector. Digital currencies can take many forms, and cryptocurrency is one of the most popular forms of digital currencies today. Bitcoin and...

Introducing Blockchain to Commercial Real Estate: Exploring the applicability of blockchain technology in lowering transaction costs of the commercial real estate due diligence process

The global market for real estate has experienced a significant growth since the financial crisis in 2008. The current global value amounts to more than $200 trillion and comprises nearly 60% of the value of all global assets, including equities, bonds, and gold. Yet, the commercial real estate market is inefficient and opaque due to its...

Growth Strategies for New Technology-Based Firms: Selecting Growth Strategies by Combining The Resource-Based View, Transaction Cost Economics and Contingency

Over the past few decades, new technology-based firms (NTBFs) have been considered an important engine of economic development. Consequently, a better understanding of the characteristics and attributes of these firms has become a primary goal for researchers and policy makers. While numerous studies found evidence of the relation between growth...

The Market for Owner-Occupied Dwellings After the Crisis: Institutional Change and Shortages of Owner-Occupied Dwellings in the Netherlands

Traditional neo-classical economic theories are failing to explain the current situation in the Dutch housing market. There is a high demand for newly built owner-occupied dwellings, but the production is not increasing as quickly as expected. New Institutional Economics is offering explanations for this situation. The institutions in the...

Development of a methodical framework for a seamless air cargo supply chain, from a transaction cost perspective, focusing on Direct Trucking Pick-ups: An exploratory case study for KLM Cargo

The air cargo market is experiencing momentous developments that may impact strongly on future trends. A consolidation shift has been observed, by more integration of the supply chain. Integrators engage in forwarding, forwarding agents operate their own aircraft and airlines bypass the forwarding agents, by striking direct structural deals with...

Exploring European shale gas development: A Transaction Costs perspective

The rise of shale gas production, has been the greatest revolution in the U.S. energy landscape since WWII and it is argued that market governance facilitated the process. This study analyses the feasibility of EU shale gas development. The publicly available shale gas analyses are inconclusive about the impact of future market design on shale...

The role of non-utility investors in offshore wind farms: A framework to analyse interactions between project governance, investor characteristics, and policy instruments

Discovering the drivers for corporate investments or divestments in the European downstream oil sector: An application of Transaction Cost Economics and of Q methodology research

The European downstream oil sector has seen drastic changes over the past years and particularly after 2008 and the outbreak of the financial crisis. The developments which have taken place have put the sector under serious pressure, which was mainly felt by the European refining industry. In a nutshell, the industry has been greatly affected by...

Relationship governance in mobile ecosystems: The case of mobile application developers

Upstream Investments on the Gas Roundabout? Exploring the contribution of the gas roundabout policy to the attractiveness of the Dutch upstream investment climate

Entering new markets: Testing a pilot methodology in the biomass case of Statkraft

Due to an asset swap in July 2008, Statkraft became a shareholder of two 20 MW biomass fuelled power plants in Emden (BKE) and Landesbergen (BKL), Germany. Both power plants are able to combust almost every solid biomass, but the main fuel is used-wood. Currently, the procurement of the fuel for both plants is outsourced to E.ON. Statkraft is...