Appropriability Hazards and Governance in Strategic Alliances: A Transaction Cost Approach

Despite the recent proliferation of interfirm alliances designed to govern cooperative efforts in creating or exploiting technology, we have limited understanding of how firms choose among the various alliance types available to them. In this article, I examine the governance properties of different alliance types and develop a simplified market-hierarchy continuum of alliances. This then forms the basis for an empirical examination of...