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Reference.org
Asset specificity
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<p>Asset specificity is a term related to the inter-party relationships of a transaction. It is usually defined as the extent to which the investments made to support a particular transaction have a higher value to that transaction than they would have if they were redeployed for any other purpose. Asset specificity has been extensively studied in a variety of <a href="/facts/Management/8KMV9yMM">management</a> and <a href="/facts/Economics/HYctA2Dn">economics</a> areas such as <a href="/facts/Marketing/LttVQ66t">marketing</a>, <a href="/facts/Accounting/sHznDY3V">accounting</a>, <a href="/facts/Organizational_behavior/avhaCkCp">organizational behavior</a> and <a href="/facts/Management_information_systems/u99Vk7Jt">management information systems</a>. </p>