Oliver Williamson

Skill Development via 'Learning by Doing' as a Relationship-Specific Asset

Development of Workplace Relationships as Relationship-Specific Assets

Turnover Costs for Firms and Workers

Evaluating Economic Policy Advice

Which of the following scenarios provides the clearest example of a worker possessing a 'relationship-specific asset'?

Consequences of Terminating an Employment Relationship

An employee's mastery of a universally recognized and industry-standard software program is a prime example of a relationship-specific asset.

An employee's mastery of a universally recognized and industry-standard software program is a prime example of a relationship-specific asset.

An employee's assets can be categorized by how much of their value is retained if the employee moves to a different company. Match each asset below to the category that best describes its value upon changing jobs.

Strategic Employee Training Decisions

A company wants to reduce costly employee turnover by investing in training that encourages long-term employment relationships. Which of the following training strategies would be most effective at creating an asset that is significantly more valuable to an employee inside the company than it would be outside?

Analysis of Corporate Training and Employee Retention

Analyzing Incentives in Employee Training