Transaction costs, externalities and innovation

Fernando Estrada

MPRA Paper from University Library of Munich, Germany

Abstract: There is now considerable evidence on the value of using external resources to promote the development of innovative technologies. Furthermore, the ability to experience innovations in business by external links that may help to avoid risk, improve the quality of natural products, which means qualifying business activities and promote companies capable of rationalizing and projecting high yields. This paper provides an approach from the transaction cost theory of Ronald Coase, in particular, provides preconditions to estimate the specific market of biotechnology.

Keywords: Coase theorem; Transactions costs; Biotechnology; Ronald Coase; Innovation; Fiancial Markets (search for similar items in EconPapers)
JEL-codes: B0 B2 B21 B41 D03 D43 D82 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ino, nep-tid and nep-ure
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