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| Author: | Chi, T. |
| Title: | Trading in strategic resources: necessary conditions, transaction cost problems, and choice of exchange structure. |
| Journal: | Strategic Management Journal
1994 : MAY, VOL. 15:4, p. 271-290 |
| Index terms: | COMPANIES TRANSACTION COSTS MERGERS |
| Language: | eng |
| Abstract: | The paper develops a theoretical framework for analyzing the exchange structure in the trading of imperfectly imitable and imperfectly mobile firm resources. It explores the conditions for such resources to be gainfully traded between firms and investigates the interconnections between barriers to imitation and impediments to trading. Part of the paper is devoted to developing an integrative and yet parsimonious model for assessing the exchange structure between firms that are involved in the trading of strategic resources in the face of significant transaction cost problems. |
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