A transaction cost approach to strategic alliances in telecommunications

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dc.contributor.author Camino Blasco, David
dc.contributor.author Trecu, Juan Ramón
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned 2010-03-01T08:07:12Z
dc.date.available 2010-03-01T08:07:12Z
dc.date.issued 1996-01
dc.identifier.uri http://hdl.handle.net/10016/7064
dc.description.abstract An emerging form of international business organization is the strategic alliance, a species of joint-venture in which an innovator of technology contracts with another firm for the joint exploitation of technology and other assets across a number of national territories. This work will examine international alliances, applying insights from both the transaction cost and foreign investment theories to the telecommunications service industry and asking whether these cooperation agreements are economically efficient or they restrict competition between companies formerly operating in a domestic regulated environment. In this context, alliances have played an increasing role in the development of firms' strategies arising as a rational economic solution to market impeffections caused by high ownership costs (or ownership constraints) and information asyrnmetry. Thus, most of these alternative institutional forms can be assigned characteristics, which are intermediate between those of the market and the hierarchy and can be viewed as vertical or horizontal integration of economic activities, while ownership remains separate, and preserve the flexibility and economic rents these specific arrangements generate.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Business Economics
dc.relation.ispartofseries 96-11-02
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Telecornmunications
dc.subject.other Strategic Alliances
dc.subject.other Alternative institutional contracting forms
dc.title A transaction cost approach to strategic alliances in telecommunications
dc.type workingPaper
dc.subject.eciencia Empresa
dc.rights.accessRights openAccess
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