Transaction Costs, Externalities and Innovation
21 Pages Posted: 15 Jan 2012
Date Written: January 12, 2012
There is now considerable evidence on the value of using external resources to promote the development of innovative technologies. Furthermore, the ability to experience innovations in business by external links that may help to avoid risk, improve the quality of natural products, which means qualifying business activities and promote companies capable of rationalizing and projecting high yields. This paper provides an approach from the transaction cost theory of Ronald Coase, in particular, provides preconditions to estimate the specific market of biotechnology.
Keywords: Coase theorem, Transactions costs, Biotechnology, Ronald Coase, Innovation, Fiancial Markets
JEL Classification: B2, B21, B41, D03, D43, D82, N56, O13
Suggested Citation: Suggested Citation