How Relevant is Transaction Cost Economics to Inter-Firm Relationships in the Music Industry?
نویسندگان
چکیده
منابع مشابه
Transacting in a Cultural Industry (a Theoretical Examination of the Relevance of Transaction Cost Economics to the Analysis of Inter-firm Relationships within the Popular Music Industry)
This theoretical paper examines the transaction cost framework as described by its main proponent in the context of the popular recorded music industry. We take the two firm typologies within the industry, major and independent, and discuss whether TCE variables can identify suitable governance structures for managing the transactions between them. We argue that asset idiosyncrasies such as cul...
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i am going to assess shortcomings of transaction cost economics (tce) of oliver williamson. my argument is that this analysis suffers from misidentification of the relevant problem of the theory, analytical incoherence, inconsistent empirical support and methodological defects. in formulating coase's fundamental idea, williamson accepts an efficient equilibrium which occurs once forever, t...
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Introduction The basic sub-text or conjecture of this paper is that an adequate economics of the firm should be historically relevant. The terms " adequate " and " relevant " imply, in the current context, that theoretical frameworks allow explanation of historical developments rather than a rationalisation of these developments. Two possible implications follow from this conjecture. First, giv...
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transaction cost economics (tce), as a subset of new institutional economics (nie), is the combination of economics, organization and law. noble prize in 2009 was dedicated to oliver williamson who was the most popular face in the economics as tce main contributor. in tce, the main issues on the one hand is how institutions follow characteristics of transactions, on the other hand, the making o...
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ژورنال
عنوان ژورنال: Journal of Cultural Economics
سال: 2004
ISSN: 0885-2545
DOI: 10.1023/b:jcec.0000009958.80454.f6