Manuel Gonzalez-Diaz
U. of Oviedo

Gonzalez-Diaz

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(Saturday, 1st January 2005)

Title : Vertical Integration and Hybrid Forms

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 :

Arruñada, B., M. González-Díaz and A. Fernández (2004) “Determinants of Organizacional Form: Transaction Costs and Institutions in the European Trucking Industry”, Industrial and Corporate Change, 13 (6), 867-882.

Kalnins, A. and K. Mayer (2004) “Relationships and Hybrid Contracts: An Analysis of Contract Choice in Information Technology” Journal of Law, Economics and Organization, 20 (1), pp.: 207-229.

Must read reference : Klein, P. G. (2004) “The Make-or-Buy Decision: Lessons from Empirical Studies”, Contracting and Organizations Research Institute, Working Paper No. 2004-07, University of Missouri. Also in Claude Menard and Mary Shirley (eds) (2004): Handbook of New Institutional Economics, Kluwer.