Transaction costs, externalities and innovation
AbstractThere is now considerable evidence on the value of using external resources to promote the development of innovative technologies. Furthermore, the ability to experience innovations in business by external links that may help to avoid risk, improve the quality of natural products, which means qualifying business activities and promote companies capable of rationalizing and projecting high yields. This paper provides an approach from the transaction cost theory of Ronald Coase, in particular, provides preconditions to estimate the specific market of biotechnology.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35875.
Date of creation: 2012
Date of revision:
Coase theorem; Transactions costs; Biotechnology; Ronald Coase; Innovation; Fiancial Markets;
Find related papers by JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- B0 - Schools of Economic Thought and Methodology - - General
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-25 (All new papers)
- NEP-INO-2012-01-25 (Innovation)
- NEP-TID-2012-01-25 (Technology & Industrial Dynamics)
- NEP-URE-2012-01-25 (Urban & Real Estate Economics)
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