Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value

This study of automotive transaction relationships in the U.S.A. and Japan offers data which indicate that transaction costs do not necessarily increase with an increase in relationship-specific investments. We empirically examine the conditions under which transactors can simultaneously achieve...

Full description

Bibliographic Details
Main Author: Dyer, Jeffrey
Language:en_US
Published: 2002
Subjects:
Online Access:http://hdl.handle.net/1721.1/1442
_version_ 1826200837280497664
author Dyer, Jeffrey
author_facet Dyer, Jeffrey
author_sort Dyer, Jeffrey
collection MIT
description This study of automotive transaction relationships in the U.S.A. and Japan offers data which indicate that transaction costs do not necessarily increase with an increase in relationship-specific investments. We empirically examine the conditions under which transactors can simultaneously achieve the twin benefits of high asset specificity and low transaction costs. This is possible because the different safeguards which can be employed to control opportunism have different set-up costs and result in different transaction costs over different time horizons. We examine in detail the practices of Japanese firms which result in effective interfirm collaboration.
first_indexed 2024-09-23T11:42:32Z
id mit-1721.1/1442
institution Massachusetts Institute of Technology
language en_US
last_indexed 2024-09-23T11:42:32Z
publishDate 2002
record_format dspace
spelling mit-1721.1/14422019-04-12T08:09:32Z Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value Dyer, Jeffrey collaborative advantage transaction costs supplier asset specificity This study of automotive transaction relationships in the U.S.A. and Japan offers data which indicate that transaction costs do not necessarily increase with an increase in relationship-specific investments. We empirically examine the conditions under which transactors can simultaneously achieve the twin benefits of high asset specificity and low transaction costs. This is possible because the different safeguards which can be employed to control opportunism have different set-up costs and result in different transaction costs over different time horizons. We examine in detail the practices of Japanese firms which result in effective interfirm collaboration. 2002-07-10T19:23:17Z 2002-07-10T19:23:17Z 2002-07-10T19:23:17Z http://hdl.handle.net/1721.1/1442 en_US IMVP;148a 1927244 bytes application/pdf application/pdf
spellingShingle collaborative advantage
transaction costs
supplier
asset specificity
Dyer, Jeffrey
Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value
title Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value
title_full Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value
title_fullStr Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value
title_full_unstemmed Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value
title_short Effective Interfirm Collaboration: How Firms Minimize Transaction Costs and Maximize Transaction Value
title_sort effective interfirm collaboration how firms minimize transaction costs and maximize transaction value
topic collaborative advantage
transaction costs
supplier
asset specificity
url http://hdl.handle.net/1721.1/1442
work_keys_str_mv AT dyerjeffrey effectiveinterfirmcollaborationhowfirmsminimizetransactioncostsandmaximizetransactionvalue