1980
DOI: 10.2307/1251111
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Distribution Channels as Political Economies: A Framework for Comparative Analysis

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Cited by 524 publications
(265 citation statements)
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“…Four theoretical approaches have been prevalent: a) transaction cost theory (Dwyer & Oh, 1988;Williamson, 1971Williamson, , 1985 argues that the boundaries between organisations are determined in such a way that the sum of production and transaction costs is minimised; with production costs constant, increasing transaction costs favour increasing degrees of vertical co-operation or integration, b) the political economy approach to distribution channels (Achrol, Reve & Stern, 1983;Arndt, 1983;Stern & Reve, 1980), stressing the importance of both political and economic structures and processes in vertical relationships with pure market interactions as a special and extreme case, c) network theory (Håkansson, 1987), emphasising the structural interdependence of actors on (mainly) industrial markets, and d) theories on strategy and competitive posture, proposing a contingency approach to how market conditions and vertical integration strategies interact to determine competitive position in the market (Day & Klein, 1987;Harrigan, 1983Harrigan, , 1986. Transaction cost theory has developed the clearest hypo-theses on the determinants of vertical co-operation, namely the existence (or degree) of uncertainty and firm-specific assets, and on its effects, namely the reduction of transaction costs.…”
Section: Innovation and Vertical Co-operationmentioning
confidence: 99%
“…Four theoretical approaches have been prevalent: a) transaction cost theory (Dwyer & Oh, 1988;Williamson, 1971Williamson, , 1985 argues that the boundaries between organisations are determined in such a way that the sum of production and transaction costs is minimised; with production costs constant, increasing transaction costs favour increasing degrees of vertical co-operation or integration, b) the political economy approach to distribution channels (Achrol, Reve & Stern, 1983;Arndt, 1983;Stern & Reve, 1980), stressing the importance of both political and economic structures and processes in vertical relationships with pure market interactions as a special and extreme case, c) network theory (Håkansson, 1987), emphasising the structural interdependence of actors on (mainly) industrial markets, and d) theories on strategy and competitive posture, proposing a contingency approach to how market conditions and vertical integration strategies interact to determine competitive position in the market (Day & Klein, 1987;Harrigan, 1983Harrigan, , 1986. Transaction cost theory has developed the clearest hypo-theses on the determinants of vertical co-operation, namely the existence (or degree) of uncertainty and firm-specific assets, and on its effects, namely the reduction of transaction costs.…”
Section: Innovation and Vertical Co-operationmentioning
confidence: 99%
“…In this typology of organisations, business actors co-operating in close relationships are benefiting from the stability and interdependence that is commonly associated with hierarchical structures, whereas they also have independence associated with the market perspective. With the new focus on hybrid organisations came new theories about how industrial interfaces should be organised: Transaction cost economics theory (Williamson 1981;Williamson 1975), principal-agent theory (Laffont and Martimort 2002), economic cluster theory (Porter 1998), marketing channels and supply chain management theory (Christopher 1992;Stern and Reve 1980) and industrial network theory (Håkansson and Snehota, 1995;Håkansson et al 2009) all represent different theoretical perspectives on organising customersupplier relationships.…”
Section: Network and Industrial Policymentioning
confidence: 99%
“…En una relación de intercambio, la interdependencia describe la estructura socio-política (Cook & Emerson, 1978;Gundlach & Cadotte, 1994;Lawler, 1992;Stern & Reve, 1980) y se puede clasificar en cuatro grupos: (1) no se percibe la interdependencia entre las partes; (2) el comprador es más dependiente del proveedor; (3) el proveedor es más dependiente del comprador; y (4) las dos partes son igualmente dependientes entre sí. Grupos 2 y 3 crean interdependencia asimétrica, y el grupo 4 representa la interdependencia simétrica.…”
Section: Confianza Y Coordinaciónunclassified