Resource title

Resources and Transaction Costs - How the Economics of Property Rights Furthers the Resource-based View

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Resource description

AbstractThe economics of property rights furthers the resource-based view in a number ofways. Resource analysis is refined by conceptualizing resources as composed ofmultiple attributes to which property rights may be held. A resource owner’s abilityto create, appropriate and sustain value from resources depends on the propertyrights that she holds to those resources and on the transaction costs of exchanging,defining and protecting the relevant property rights. While transaction costs aremajor sources of value dissipation, value may be created by reducing suchdissipation. Implications for the RBV analysis of sustained competitive advantageare derived.

Resource author

Kirsten Foss, Nicolai J. Foss

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Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7297

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