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Title:
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Resources and Transaction Costs
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How the Economics of Property Rights Furthers the Resource-based View |
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Author:
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Foss, Kirsten; Foss, Nicolai J. |
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Abstract:
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Abstract
The economics of property rights furthers the resource-based view in a number of
ways. Resource analysis is refined by conceptualizing resources as composed of
multiple attributes to which property rights may be held. A resource owner’s ability
to create, appropriate and sustain value from resources depends on the property
rights that she holds to those resources and on the transaction costs of exchanging,
defining and protecting the relevant property rights. While transaction costs are
major sources of value dissipation, value may be created by reducing such
dissipation. Implications for the RBV analysis of sustained competitive advantage
are derived. |
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URI:
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http://hdl.handle.net/10398/7297
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Date:
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2004-08-02 |
This work is licensed under a Creative Commons License.
