How Relevant is Transaction Cost Economics to Inter-Firm Relationships in the Music Industry?

Jonathan Gander and Alison Rieple

Journal of Cultural Economics, 2004, vol. 28, issue 1, 57-79

Abstract: This paper applies the transaction cost framework to the organisation of product sourcing and development (PS&D) activities within the popular music industry. Two firm types characterise the industry and this particular set of activities; large multinational firms (`majors') and smaller regionally bound companies (`independents'). We find that the Transaction CostEconomies framework of Oliver Williamson (1985, 1999) provides only a partial explanation for the observed hybrid organisational structures established by the two firm types. A more sensitive model can be achieved by including a number of moderating variables drawn from the socially constructed and situationally dependent idiosyncrasies of the assets involved in the PS&D activities under consideration. Copyright Kluwer Academic Publishers 2004

Keywords: alliances; popular music industry; transaction cost economics (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (6)

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DOI: 10.1023/B:JCEC.0000009958.80454.f6

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