Efficient partner search: Embedded firms seeking co‐operative partners

Autor:	Boris F. Blumberg
Rok vydání:	2001
Předmět:	Co operative Transaction cost Algebra and Number Theory Sociology and Political Science Embeddedness Co operation Microeconomics Empirical research Search theory Search model Economics Search cost Social Sciences (miscellaneous) Industrial organization
Zdroj:	The Journal of Mathematical Sociology. 25:329-354
ISSN:	1545-5874 0022-250X
DOI:	10.1080/0022250x.2001.9990259
Popis:	This article analyses firms’ efforts to find a suitable partner for a technology cooperation. Although more theoretical studies acknowledge that search costs are an essential part of transaction costs, empirical research on interfirm co‐operation neglects searching. This paper explicitly addresses this lacuna. Hypotheses on the search behavior of firms are derived by applying considerations of transaction cost economics and arguments concerning the social embeddedness of firms to a search model widely used in economics. It is argued that on the one hand the problem potential of co‐operation, which is determined by the co‐operation's volume and the involved relation‐specific investments and uncertainty, affects the benefits a firm can gain from searching. On the other hand, the social embeddedness of a firm influences the costs of searching. Further, I consider the size and homogeneity of the pool of potential partners in the analysis. The derived hypotheses are tested on a dataset of 94 technology coopera...
Databáze:	OpenAIRE
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