(Thursday, 1st January 2004)
The aim of the workshop is to analyze different governance mechanisms. Starting from vertical integration as a reference point, we will discuss other organizational forms (quasi-integration, franchising and alliances, whose common peculiarity is the introduction of market features into the classical firm (hierarchy). This yields hybrid forms that economize transaction cost, given a particular institutional environment.
Bibliographical references :
Must read reference : Baker, G. P. and T. N. Hubbard (2003),“Make Versus Buy in Trucking: Asset Ownership, Job Design, and Information”, American Economic Review 93 (3), 551-572.
Poppo, Laura and Zenger, Todd (1998), "Testing alternative theories of the firm: Transaction cost, knowledge-based, and measurement explanations for make-or-buy decisions in information services" Strategic Management Journal 19 (9), pp.: 853-877.