Endogenous Transaction Cost, Specialization, and Strategic Alliance
In property rights theory, firm is an organizational response to reduce transaction cost associated with hold-up of using market mechanism. We claim that strategic alliance { without changing firm boundaries or asset ownership { is another type of organizational response. We construct a model to inv...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1468 https://ink.library.smu.edu.sg/context/soe_research/article/2467/viewcontent/fixed_learning_cost.pdf |
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| Institution: | Singapore Management University |
| Language: | English |