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Fundierung von Leistungstiefenentscheidungen auf der Basis modifizierter Transaktionskostenansätze

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  • Wolfgang Burr

    (Universität Erfurt)

Abstract

Summary Transaction cost theory in the tradition of Coase and Williamson was established as an important branch within organization theory in the last decades. The make or buy decision is the most prominent application field for transaction cost theory. This article describes and examines new developments within transaction cost theory and their potential to explain make or buy decisions. The modified transaction cost approaches proposed by Monteverde (1995), Zajac and Olson (1993) and Langlois (1988, 1992) are critically examined. Starting-points for the integration of transaction cost theory with other approaches of the new institutional economics as well as with production cost considerations and the concept of the economic rent are also presented. Each of the modified transaction cost approaches is applied to a concrete, identical make or buy decision problem to show the main differences between the modified transaction cost approaches and the classical transaction cost approach in the tradition of Coase and Williamson. The main differences can be seen in methodological aspects of defining and analyzing problems and in deviating practical recommendations for the efficient make or buy decision.

Suggested Citation

  • Wolfgang Burr, 2003. "Fundierung von Leistungstiefenentscheidungen auf der Basis modifizierter Transaktionskostenansätze," Schmalenbach Journal of Business Research, Springer, vol. 55(2), pages 112-134, March.
    • Handle: RePEc:spr:sjobre:v:55:y:2003:i:2:d:10.1007_bf03372701
    DOI: 10.1007/BF03372701
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    References listed on IDEAS

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    1. Edward J. Zajac & Cyrus P. Olsen, 1993. "From Transaction Cost To Transactional Value Analysis: Implications For The Study Of Interorganizational Strategies," Journal of Management Studies, Wiley Blackwell, vol. 30(1), pages 131-145, January.
    2. Shelanski, Howard A & Klein, Peter G, 1995. "Empirical Research in Transaction Cost Economics: A Review and Assessment," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(2), pages 335-361, October.
    3. Richard N. Langlois & Nicolai J. Foss, 1999. "Capabilities and Governance: The Rebirth of Production in the Theory of Economic Organization," Kyklos, Wiley Blackwell, vol. 52(2), pages 201-218, May.
    4. Langlois, Richard N. & Robertson, Paul L., 1989. "Explaining Vertical Integration: Lessons from the American Automobile Industry," The Journal of Economic History, Cambridge University Press, vol. 49(2), pages 361-375, June.
    5. Jeffrey H. Dyer, 1997. "Effective interim collaboration: how firms minimize transaction costs and maximise transaction value," Strategic Management Journal, Wiley Blackwell, vol. 18(7), pages 535-556, August.
    6. Riordan, Michael H. & Williamson, Oliver E., 1985. "Asset specificity and economic organization," International Journal of Industrial Organization, Elsevier, vol. 3(4), pages 365-378, December.
    7. Maria Moschandreas, 1997. "The Role of Opportunism in Transaction Cost Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(1), pages 39-58, March.
    8. Kirk Monteverde, 1995. "Technical Dialog as an Incentive for Vertical Integration in the Semiconductor Industry," Management Science, INFORMS, vol. 41(10), pages 1624-1638, October.
    9. Richardson, G B, 1972. "The Organisation of Industry," Economic Journal, Royal Economic Society, vol. 82(327), pages 883-896, September.
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    Cited by:

    1. Carsten Fussan & Katja Klepper, 2007. "Vorteile für Beschaffungsbeziehungen in Clustern? Eine vergleichende transaktionskostenanalytische Betrachtung," Schmalenbach Journal of Business Research, Springer, vol. 59(5), pages 588-614, August.
    2. Hans-Christian Krcal, 2008. "Strategische Implikationen einer geringen Fertigungstiefe für die Automobilindustrie," Schmalenbach Journal of Business Research, Springer, vol. 60(8), pages 778-808, December.

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    More about this item

    Keywords

    B52; D23; D82; L22; L23; M21;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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