{"id":"https://openalex.org/W2171528023","doi":null,"title":"The Strategy and Transaction Cost Nexus: Past Debates, Central Questions, and Future Research Possibilities","display_name":"The Strategy and Transaction Cost Nexus: Past Debates, Central Questions, and Future Research Possibilities","publication_year":2002,"publication_date":"2002-01-01","ids":{"openalex":"https://openalex.org/W2171528023","mag":"2171528023"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:aal:abbswp:02-04","doi":null,"is_oa":false,"landing_page_url":"https://wp.druid.dk/wp/20020004.pdf","pdf_url":"https://wp.druid.dk/wp/20020004.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042599675","display_name":"Nicolai J. Foss","orcid":"https://orcid.org/0000-0003-0327-4624","observed_orcids":["https://orcid.org/0000-0003-0327-4624","https://orcid.org/0000-0003-2049-8347"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Nicolai J. Foss","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-0327-4624","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5042599675"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":6,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11912","display_name":"Outsourcing and Supply Chain Management","score":0.7494999766349792,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11912","display_name":"Outsourcing and Supply Chain Management","score":0.7494999766349792,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.15379999577999115,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.03669999912381172,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/transaction-cost-economics","display_name":"transaction cost economics","score":0.984000027179718},{"id":"https://openalex.org/keywords/strategy-research","display_name":"strategy research","score":0.5960000157356262},{"id":"https://openalex.org/keywords/value-creation","display_name":"value creation","score":0.6449999809265137},{"id":"https://openalex.org/keywords/value-appropriation","display_name":"value appropriation","score":0.9309999942779541},{"id":"https://openalex.org/keywords/value-capture","display_name":"value capture","score":0.6150000095367432},{"id":"https://openalex.org/keywords/contracting","display_name":"contracting","score":0.8169999718666077},{"id":"https://openalex.org/keywords/expectations","display_name":"expectations","score":0.8320000171661377},{"id":"https://openalex.org/keywords/economizing","display_name":"economizing","score":0.6449999809265137},{"id":"https://openalex.org/keywords/resource-based-view","display_name":"resource-based view","score":0.9700000286102295},{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.7559999823570251}],"concepts":[{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.8711037635803223},{"id":"https://openalex.org/C98184364","wikidata":"https://www.wikidata.org/wiki/Q1780131","display_name":"Argument (complex analysis)","level":2,"score":0.6895012259483337},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5627538561820984},{"id":"https://openalex.org/C148609458","wikidata":"https://www.wikidata.org/wiki/Q7021281","display_name":"Nexus (standard)","level":2,"score":0.559205174446106},{"id":"https://openalex.org/C75949130","wikidata":"https://www.wikidata.org/wiki/Q848010","display_name":"Database transaction","level":2,"score":0.5548304319381714},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.540814220905304},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.4861302077770233},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3914834260940552},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3664989471435547},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3250845670700073},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2742314040660858},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C149635348","wikidata":"https://www.wikidata.org/wiki/Q193040","display_name":"Embedded system","level":1,"score":0.0},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:aal:abbswp:02-04","doi":null,"is_oa":false,"landing_page_url":"https://wp.druid.dk/wp/20020004.pdf","pdf_url":"https://wp.druid.dk/wp/20020004.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:2171528023","doi":null,"is_oa":false,"landing_page_url":"https://ecsocman.hse.ru/data/899/177/1218/02-04.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":130,"referenced_works":["https://openalex.org/W119417399","https://openalex.org/W617038684","https://openalex.org/W1416242241","https://openalex.org/W1484923261","https://openalex.org/W1487025078","https://openalex.org/W1489085400","https://openalex.org/W1489741075","https://openalex.org/W1502670054","https://openalex.org/W1509193287","https://openalex.org/W1513905491","https://openalex.org/W1522612913","https://openalex.org/W1523791029","https://openalex.org/W1524982268","https://openalex.org/W1527247106","https://openalex.org/W1530462462","https://openalex.org/W1532261962","https://openalex.org/W1533007440","https://openalex.org/W1541064291","https://openalex.org/W1542923854","https://openalex.org/W1545348758","https://openalex.org/W1554215753","https://openalex.org/W1557544174","https://openalex.org/W1557992075","https://openalex.org/W1565157610","https://openalex.org/W1568990875","https://openalex.org/W1569639543","https://openalex.org/W1570912817","https://openalex.org/W1572516398","https://openalex.org/W1576882254","https://openalex.org/W1580880025","https://openalex.org/W1585711600","https://openalex.org/W1586724634","https://openalex.org/W1589739686","https://openalex.org/W1592184710","https://openalex.org/W1592752987","https://openalex.org/W1595859956","https://openalex.org/W1596463667","https://openalex.org/W1600389851","https://openalex.org/W1602860552","https://openalex.org/W1603784802","https://openalex.org/W1606988238","https://openalex.org/W1737535288","https://openalex.org/W1854257937","https://openalex.org/W1868772505","https://openalex.org/W1871518436","https://openalex.org/W1890077245","https://openalex.org/W1918364999","https://openalex.org/W1956370324","https://openalex.org/W1974998909","https://openalex.org/W1982159142","https://openalex.org/W1983162145","https://openalex.org/W1984883683","https://openalex.org/W1990333450","https://openalex.org/W1997202527","https://openalex.org/W2001965664","https://openalex.org/W2010868289","https://openalex.org/W2014226439","https://openalex.org/W2015930340","https://openalex.org/W2020492031","https://openalex.org/W2021840847","https://openalex.org/W2024456329","https://openalex.org/W2036715421","https://openalex.org/W2043189549","https://openalex.org/W2043332151","https://openalex.org/W2046266342","https://openalex.org/W2047883308","https://openalex.org/W2048384030","https://openalex.org/W2048403262","https://openalex.org/W2056393266","https://openalex.org/W2060360854","https://openalex.org/W2060827592","https://openalex.org/W2061977616","https://openalex.org/W2062904349","https://openalex.org/W2066778264","https://openalex.org/W2067136188","https://openalex.org/W2073964606","https://openalex.org/W2079526560","https://openalex.org/W2084200009","https://openalex.org/W2085265430","https://openalex.org/W2092758898","https://openalex.org/W2095410807","https://openalex.org/W2097273566","https://openalex.org/W2100042069","https://openalex.org/W2102435235","https://openalex.org/W2102859962","https://openalex.org/W2109434325","https://openalex.org/W2114088338","https://openalex.org/W2115721509","https://openalex.org/W2116295271","https://openalex.org/W2117455041","https://openalex.org/W2119213808","https://openalex.org/W2124442118","https://openalex.org/W2124494827","https://openalex.org/W2127761399","https://openalex.org/W2129143360","https://openalex.org/W2130128307","https://openalex.org/W2131145403","https://openalex.org/W2131740028","https://openalex.org/W2131962396","https://openalex.org/W2134083539","https://openalex.org/W2137287872","https://openalex.org/W2137784229","https://openalex.org/W2140956556","https://openalex.org/W2143187785","https://openalex.org/W2144670237","https://openalex.org/W2146538537","https://openalex.org/W2147165634","https://openalex.org/W2147267683","https://openalex.org/W2149387656","https://openalex.org/W2159278082","https://openalex.org/W2161480854","https://openalex.org/W2162334453","https://openalex.org/W2167350343","https://openalex.org/W2171394132","https://openalex.org/W2179492332","https://openalex.org/W2222763745","https://openalex.org/W2321396344","https://openalex.org/W2566856888","https://openalex.org/W2995385998","https://openalex.org/W3121213028","https://openalex.org/W3121846135","https://openalex.org/W3121865828","https://openalex.org/W3123011446","https://openalex.org/W3123113129","https://openalex.org/W3123559225","https://openalex.org/W3123775475","https://openalex.org/W3124193847","https://openalex.org/W3124802066","https://openalex.org/W3124975082","https://openalex.org/W3125997533"],"related_works":["https://openalex.org/W7062226893","https://openalex.org/W7096169347","https://openalex.org/W1987687531","https://openalex.org/W2475284970","https://openalex.org/W2376745674","https://openalex.org/W2490790848","https://openalex.org/W2036475669","https://openalex.org/W7100065300","https://openalex.org/W2026861161","https://openalex.org/W1603851749"],"abstract_inverted_index":{"The":[0],"role":[1],"of":[2,51,61,63,105,131,150,166,204],"transaction":[3,28,56,70,90,109,140,167],"cost":[4,29],"economics":[5],"in":[6,9,85,160,201,209],"developing":[7],"research":[8],"strategy":[10,181,205],"has":[11],"been":[12],"a":[13,87],"hotly":[14],"debated":[15],"topic":[16],"over":[17],"the":[18,24,49,95,103,148,155,162,174,185,199,210],"last":[19],"decade.":[20],"This":[21,53],"paper":[22,156],"presents":[23],"radical":[25],"argument":[26],"that":[27,120,158,190],"insights":[30],"are":[31,44,58,72,92,117,134,191],"more":[32,143,194],"than":[33,145,184],"merely":[34],"useful":[35],"complements":[36],"to":[37,40],"existing":[38],"approaches":[39],"strategy.":[41],"Rather,":[42],"they":[43],"necessary":[45],"for":[46,99,136,179],"adequately":[47],"understanding":[48],"nature":[50],"strategizing.":[52,132],"is":[54,83,142,169],"because":[55],"costs":[57,71,91,110,168],"essential":[59],"aspects":[60,130],"processes":[62,75],"creating,":[64],"capturing":[65],"and":[66,112,114,125,177],"protecting":[67,113],"value.":[68,122],"If":[69],"zero,":[73],"these":[74],"do":[76],"not":[77],"pose":[78],"any":[79],"strategic":[80],"problems;":[81],"strategizing":[82,146],"trivialized":[84],"such":[86],"world.":[88],"When":[89],"positive,":[93],"on":[94],"other":[96],"hand,":[97],"opportunities":[98],"value":[100,116],"creation":[101],"through":[102],"reduction":[104],"inefficiencies":[106],"caused":[107],"by":[108],"exist,":[111],"appropriating":[115],"costly":[118],"activities":[119],"dissipate":[121],"Also,":[123],"contracting":[124],"expectations":[126],"enter":[127],"as":[128,173,198],"central":[129],"Arguments":[133],"provided":[135],"why":[137],"economizing":[138],"(with":[139],"costs)":[141],"fundamental":[144],"(in":[147],"sense":[149],"exploiting":[151],"market":[152],"power).":[153],"Thus,":[154],"argues":[157],"models":[159,189],"which":[161],"fullest":[163],"possible":[164],"account":[165],"made":[170],"be":[171],"used":[172],"proper":[175],"foundations":[176],"benchmarks":[178],"economics-based":[180],"research,":[182,206],"rather":[183],"patched-up":[186],"competitive":[187],"equilibrium":[188],"now":[192],"used,":[193],"or":[195],"less":[196],"implicitly,":[197],"benchmark":[200],"important":[202],"parts":[203],"most":[207],"notably":[208],"resource-based":[211],"view.":[212]},"counts_by_year":[{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}