New Institutional Economics, Intermediation Theory, and the Intermediary Perspective

  • Hans-Joachim Schramm
Part of the Contributions to Management Science book series (MANAGEMENT SC.)


After this merely descriptive approach to forwarding business, a closer, more theoretically grounded work on the functioning of multimodal transport chains as well as intermediary roles and functions of freight forwarders therein is demanded. In the last sections, the market structure was taken for granted and freight forwarders were just considered as being one of many players serving some special functions in transport or logistic chains without looking “behind the scenes.” Now, the question “why is it so?” is risen, because if freight forwarders are considered to be important intermediaries in multimodal transport and logistic chains, they cannot be only described from a legal and functional point of view. Therefore, a real intermediary perspective has to be developed, which will be done in the following sections.


Supply Chain Transaction Cost Moral Hazard Adverse Selection Reservation Price 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.Department of Global Business and TradeInstitute for Transport and Logistics ManagementViennaAustria

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