Chapter 17: The Potential for the Use of Single- versus Dual-Purpose Officers in Firms: A Theoretical Analysis Based on Resource-based, Transaction Cost and Labour Market Economics
17 The potential for the use of single- versus dual-purpose officers in firms: a theoretical analysis based on resourcebased, transaction cost and labour market economics Ioannis Theotokas and Maria Anne Wagtmann 1 Introduction Following Shell’s experiments with general purpose ratings and officers, which commenced in the 1960s, France (World Maritime University, 2005; Fairplay, 2008) and the Netherlands (Walton, 1987) established national training programmes for dual-purpose officers, who after completion of their studies are capable of serving both on the ship’s bridge and in the engine room. Japan also experimented in the 1970s and 1980s with the education of general-purpose ship officers (ibid.). In the past decade, interest in the training of dual-purpose officers has resurged, with Denmark starting dual-purpose education in 1997, and Singapore also experimenting with this officer education option shortly after 2000 (Søfartsstyrelsen/Danish Maritime Authority, 2003). Moreover, there is also an instance of an individual shipping company supporting dual-purpose officer training; the Danish shipping giant, A.P. Møller-Mærsk, has supported the creation of a dual-purpose course of education at a private sector maritime university in India (Hansen, 2008). This chapter will focus on economic issues concerning the advantage of employing dual-purpose officers, given that national dual-purpose educational programmes exist. This will thus delimit us from discussing potential advantages and disadvantages of firm-specific educational investments in maritime schools or universities. In our treatment of economic issues, we shall focus on insights from the research-based view of the firm, labour economics, and transaction cost economics, and then make...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.