Transaction costs, industry experience and make-or-buy decisions in the population of early U.S. auto firms Export

@article{bigelowargyres07, abstract = {We study the determinants of make-or-buy decisions for engines made by every recorded U.S. auto firm during 1917-1933. Most make-or-buy studies testing predictions of transaction cost economics exclude smaller firms, even though their make-or-buy behavior might be different from large firms' due to capital constraints or other factors. We find that transaction cost effects on make-or-buy choices were nevertheless important at the population level. We also find that firm experience in the industry, as well as pre-entry experience, significantly affected make-buy choices. These experience effects may reflect the interaction of mechanisms emphasized in evolutionary and transaction cost theories.}, author = {Bigelow, Lyda S. and Argyres, Nicholas}, citeulike-article-id = {2755615}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/j.jebo.2006.01.010}, citeulike-linkout-1 = {http://www.sciencedirect.com/science/article/B6V8F-4MTK936-1/1/e9677aba6c758e17c430f334890e88d3}, doi = {10.1016/j.jebo.2006.01.010}, journal = {Journal of Economic Behavior \& Organization}, keywords = {autoindustry, makeorbuy, transactioncost}, month = {June}, number = {3-4}, pages = {791--807}, posted-at = {2008-05-05 09:05:27}, priority = {2}, title = {Transaction costs, industry experience and make-or-buy decisions in the population of early U.S. auto firms}, url = {http://dx.doi.org/10.1016/j.jebo.2006.01.010}, volume = {66}, year = {2008} }

TY - JOUR ID - bigelowargyres07 L3 - citeulike-article-id:2755615 N2 - We study the determinants of make-or-buy decisions for engines made by every recorded U.S. auto firm during 1917-1933. Most make-or-buy studies testing predictions of transaction cost economics exclude smaller firms, even though their make-or-buy behavior might be different from large firms' due to capital constraints or other factors. We find that transaction cost effects on make-or-buy choices were nevertheless important at the population level. We also find that firm experience in the industry, as well as pre-entry experience, significantly affected make-buy choices. These experience effects may reflect the interaction of mechanisms emphasized in evolutionary and transaction cost theories. IS - 3-4 JF - Journal of Economic Behavior & Organization EP - 807 TI - Transaction costs, industry experience and make-or-buy decisions in the population of early U.S. auto firms VL - 66 SP - 791 KW - autoindustry KW - makeorbuy KW - transactioncost AU - Bigelow, Lyda AU - Argyres, Nicholas PY - 2008/06// UR - http://dx.doi.org/10.1016/j.jebo.2006.01.010 ER -