The Industrial Organisation of the Dance Industry in the Netherlands: a Transaction Cost Perspective on Hybrid Forms of Organisation

Frank Den Butter () and Jelle Joustra
Additional contact information
Jelle Joustra: VU University Amsterdam, the Netherlands

No 14-095/VI, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: The organization of Electronic Dance Music (EDM) events has become a major export product in the Netherlands. In order to respond quickly to the new trends and needs, innovative forms of cooperation between producers are to be set up for the organization of exciting new events. A case study on how these EDM events are actually organised in the Netherlands shows that the best way to do it is through hybrid forms of organisation, which combine horizontal forms of organisation through the market and vertical forms through the hierarchy. As EDM events are characterised by much asset specificity, the perspective of transaction cost economics indicates why this industry relies on hybrid forms of organisation. Trust between the collaborating partners, intrinsic motivation to be professional in the design and creation of new, ground-breaking music sensations and an extensiv e use of social media play a key role in lowering the transaction costs in the dance industry.

Keywords: Industrial organization; coordination costs; transaction cost economics; resource based view; cooperation in hybrid organizations; Electronic Dance Music (EDM) events; trust; use of social media (search for similar items in EconPapers)
JEL-codes: D23 D85 E23 F60 L23 L24 L82 O31 P13 (search for similar items in EconPapers)
Date: 2014-07-24
New Economics Papers: this item is included in nep-com, nep-cul, nep-ind and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://papers.tinbergen.nl/14095.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20140095

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().