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Learning and governance in inter-firm relations

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  • Bart Nooteboom

Abstract

This article connects theory of learning with theory of governance, in the context of inter-firm relations. It recognizes fundamental criticism of transaction cost economics (TCE), but preserves elements from that theory. Two kinds of relational risk are identified: hold-up and spillover risk. For the governance of relations, i.e. the control of relational risk, the article presents a set of instruments that includes trust, next to instruments adopted and adapted from TCE. It also includes roles for go-betweens. Some references to empirical evidence are included.

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Bibliographic Info

Article provided by Dalloz in its journal Revue d'├ęconomie politique.

Volume (Year): Volume 114 (2004)
Issue (Month): 1 ()
Pages: 55-76

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Handle: RePEc:cai:repdal:redp_141_0055

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Web page: http://www.cairn.info/revue-d-economie-politique.htm

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Keywords: theory of learning; theory of governance; inter-firm relations;

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References

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  1. Wuyts, Stefan & Colombo, Massimo G. & Dutta, Shantanu & Nooteboom, Bart, 2005. "Empirical tests of optimal cognitive distance," Journal of Economic Behavior & Organization, Elsevier, vol. 58(2), pages 277-302, October.
  2. Siegwart Lindenberg, 2000. "It Takes Both Trust and Lack of Mistrust: The Workings of Cooperation and Relational Signaling in Contractual Relationships," Journal of Management and Governance, Springer, vol. 4(1), pages 11-33, March.
  3. Williamson, Oliver E, 1993. "Calculativeness, Trust, and Economic Organization," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 453-86, April.
  4. Klos, Tomas B. & Nooteboom, Bart, 2001. "Agent-based computational transaction cost economics," Journal of Economic Dynamics and Control, Elsevier, vol. 25(3-4), pages 503-526, March.
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Cited by:
  1. Chaminade, Cristina & de Fuentes, Claudia, 2012. "Competences as drivers and enablers of globalization of innovation: Swedish ICT industry and emerging economies," CIRCLE Electronic Working Papers 2012/6, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
  2. Cowan,Robin & Jonard,Nicolas & Zimmermann,J-B, 2004. "Evolving Networks of Inventors," Research Memorandum 018, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).

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