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Alternative Transition Trajectories for Complementary Asset Markets in China's Pharmaceutical Industry

Author

Listed:
  • Steven White

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

  • Xielin Liu

Abstract

As the State relinquishes its role as coordinator of interorganizational asset transfers, how do interdendent suppliers and users of complementary assets find each other and manage transactions for these assets? This study compares the emerging market structure of two different types of complementary assets in the pharmaceutical industry - new product technology (R&D) and sales and distribution (Wholesaling).

Suggested Citation

  • Steven White & Xielin Liu, 1997. "Alternative Transition Trajectories for Complementary Asset Markets in China's Pharmaceutical Industry," Discussion Paper Series 83, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:83
    as

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    More about this item

    Keywords

    Pharmaceutical industry; Financial market;

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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