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The economics of governance: the role of localized knowledge in the interdependence among transaction, coordination and production

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Antonelli Cristiano () (University of Turin)

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Abstract

The analysis of the role of knowledge in the economics of governance provides a framework able to integrate the research programs of the resource-based theory of the firm and of the economics of transaction costs and overcome their own limits. Transaction costs economics pays little attention to organizational knowledge. The resource-based theory is not able to appreciate the role of organizational constraints in shaping the rate and the direction of the growth of the firm. In the context provided by the economics of governance the interdependence among transaction, coordination and production is modelled as a micro-system where localized technological and organizational knowledge plays a central role.

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File URL: http://www.de.unito.it/web/member/segreteria/WP/Momigliano/2003/3_WP_Momigliano.pdf
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Paper provided by University of Turin in its series Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series with number 200303.

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Length: 23 pages
Date of creation: Mar 2003
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Handle: RePEc:uto:labeco:200303

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-95, December. [Downloadable!] (restricted)
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  2. Holmstrom, Bengt, 1989. "Agency costs and innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 12(3), pages 305-327, December. [Downloadable!] (restricted)
  3. Arrow, Kenneth J, 1969. "Classificatory Notes on the Production and Transmission of Technological Knowledge," American Economic Review, American Economic Association, vol. 59(2), pages 29-35, May. [Downloadable!] (restricted)
  4. Spulber, Daniel F, 1996. "Market Microstructure and Intermediation," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 135-52, Summer. [Downloadable!] (restricted)
  5. Aghion, Philippe & Tirole, Jean, 1994. "The Management of Innovation," The Quarterly Journal of Economics, MIT Press, vol. 109(4), pages 1185-1209, November. [Downloadable!] (restricted)
  6. Nicolai J. Foss, 1997. "The Resource-Based Perspective An Assessment and Diagnosis of Problems," DRUID Working Papers 97-1, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  7. Argyres, Nicholas S., 1995. "Technology strategy, governance structure and interdivisional coordination," Journal of Economic Behavior & Organization, Elsevier, vol. 28(3), pages 337-358, December. [Downloadable!] (restricted)
  8. Furubotn, Eirik G., 2001. "The new institutional economics and the theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 45(2), pages 133-153, June. [Downloadable!] (restricted)
  9. Aghion, Philippe & Tirole, Jean, 1994. "On the Management of Innovation," IDEI Working Papers 36, Institut d'Économie Industrielle (IDEI), Toulouse.
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  10. 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. [Downloadable!] (restricted)
  11. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc. [Downloadable!]
  12. Teece, David J., 1986. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," Research Policy, Elsevier, vol. 15(6), pages 285-305, December. [Downloadable!] (restricted)
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  1. Antonelli Cristiano, 2003. "Localized technological change," Dipartimento di Economia "S. Cognetti de Martiis" LEI & BRICK - Laboratorio di economia dell'innovazione "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo 200305, University of Turin. [Downloadable!]
  2. Fiorenza BELUSSI & Luciano PILOTTI, 2006. "Eterogeneità delle imprese e varietà dei modelli organizzativi. Conoscenze, risorse, relazioni, e istituzioni: verso una prospettiva integrata della teoria dell’impresa," Departemental Working Papers 2006-27, Department of Economics University of Milan Italy. [Downloadable!]
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