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How Relevant is Transaction Cost Economics to Inter-Firm Relationships in the Music Industry?

Gander, Jonathan and Rieple, Alison (2004) How Relevant is Transaction Cost Economics to Inter-Firm Relationships in the Music Industry? Journal of Cultural Economics, 28 (1). pp. 57-79. ISSN 0885-2545 (Print) 1573-6997 (Online)

Type of Research: Article
Creators: Gander, Jonathan and Rieple, Alison

This paper applies the transaction cost framework to the organisation of product sourcing and development (PS&D) activities within the popular music industry. Two firm types characterise the industry and this particular set of activities; large multinational firms (`majors') and smaller regionally bound companies (`independents'). We find that the Transaction Cost Economies framework of Oliver Williamson (1985, 1999) provides only a partial explanation for the observed hybrid organisational structures established by the two firm types. A more sensitive model can be achieved by including a number of moderating variables drawn from the socially constructed and situationally dependent idiosyncrasies of the assets involved in the PS&D activities under consideration.

Official Website: http://link.springer.com/article/10.1023/B%3AJCEC.0000009958.80454.f6
Keywords/subjects not otherwise listed: alliances, popular music industry, transaction cost economics
Publisher/Broadcaster/Company: Kluwer Academic Publishers
Your affiliations with UAL: Colleges > London College of Fashion
Date: February 2004
Digital Object Identifier: 10.1023/B:JCEC.0000009958.80454.f6
Related Websites: http://www.culturaleconomics.org/journal.html
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Date Deposited: 12 May 2015 15:35
Last Modified: 12 May 2015 15:35
Item ID: 7906
URI: https://ualresearchonline.arts.ac.uk/id/eprint/7906

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