Value and Transaction Costs


Union Jack

Value and Transaction Costs

Vis færre oplysninger Foss, Kirsten en_US Foss, Nikolai J. en_US 2009-02-04T10:25:21Z 2009-02-04T10:25:21Z 2003-10-29T00:00:00Z en_US
dc.description.abstract Abstract We forge linkages between the economics of property rights (Coase, Demsetz, Cheung, Barzel) and strategic management. Property rights to resources consist of the rights to consume, obtain income from, and alienate these resources. Transaction costs are the costs of exchanging, protecting and capturing property rights. We clarify the key role of transaction costs with respect to understanding value creation and the limitations and opportunities of strategizing relative to competitive forces. The economics of property rights identifies new sources of value creation (i.e., reducing the dissipation caused by transaction costs), and new types of resources (i.e., capture and protection capabilities), clarifies the role of contracting in the exercise of market power, and suggests that "strategizing" and "economizing" perspectives are related to a larger extent than is normally recognized. Refutable propositions are derived. en_US
dc.format.extent 34 s. en_US
dc.language eng en_US
dc.relation.ispartofseries LINK-DRUID Working Paper;2003-5 en_US
dc.subject.other property rights en_US
dc.subject.other transaktionsomkostninger en_US
dc.subject.other strategisk ledelse en_US
dc.title Value and Transaction Costs en_US
dc.type wp en_US
dc.accessionstatus modt03okt29 inrumo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Industriøkonomi og Virksomhedsstrategi en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse
dc.contributor.departmentshort LINK en_US
dc.contributor.departmentshort INT
dc.contributor.departmentuk Department of Industrial Economics & Strategy en_US
dc.contributor.departmentuk Department of International Economics and Management
dc.contributor.departmentukshort INT
dc.idnumber x656312091 en_US København en_US
dc.publisher.year 2003 en_US
dc.title.subtitle Building Bridges Between the Economics of Property Rights and Strategic Management en_US

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