TRANSACTIONS COST ECONOMICS AND THE MULTINATIONAL ENTERPRISE: An Assessment

David Teece

Chapter 20 in The Transfer and Licensing of Know-How and Intellectual Property:Understanding the Multinational Enterprise in the Modern World, 2008, pp 427-451 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis paper applies transactions cost principles to the multinational enterprise in order to ascertain its distinctive properties as a mode of economic organization. The analysis helps identify just when and where contractual alternatives to the multinational firm are likely to be viable. This turns out to depend upon the nature of the technology, the regime of appropriability within which the firm operates, and the characteristics of the markets in question. Transactions cost analysis is also extended to the multinational enterprise-host country relationship. Implications for management and public policy are derived.

Keywords: Technology Transfer; Royalties; Licensing; Cross Licensing; Intellectual Property; Multinational Enterprise; Research and Development; Foreign Investment (search for similar items in EconPapers)
Date: 2008
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Journal Article: Transactions cost economics and the multinational enterprise An Assessment (1986)
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