R&D Cooperation Between Firms---A Perceived Transaction Cost Perspective

Klaus Brockhoff
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Klaus Brockhoff: Christian-Albrechts-Universität zu Kiel, Kiel, Germany

Management Science, 1992, vol. 38, issue 4, 514-524

Abstract: Transaction cost is considered as an explanatory variable for the choice between markets and various organizational arrangements for performing some predefined tasks, such as engaging in private R&D. With respect to R&D cooperation between firms, we show that the perception of high transaction cost is related to certain characteristics of the firm and to the type of R&D task. We also show a relationship between the perception of transaction cost and the perceived success of the cooperation. The analysis sheds light on various determinants of transaction costs.

Keywords: research and development; cooperation; transaction cost (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:38:y:1992:i:4:p:514-524

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