This abstract extends the merger and acquisition (M&A) model of Georgantzas, Schmid, & Walton (1994), showing the dynamic evolution of markets into hierarchies or other transactional exchange governance (TEG) forms resulting from the creation of a climate of trust and its effect on the internalization cost of control. The extended M&A model offsets the shortcomings of transaction cost economics (TCE) and points to the potentially rich contribution of system dynamics to exploring governance structures beyond the ideal-type forms of markets and hierarchies that dominate the TCE literature.

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Date created

• 1995

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

12420ec6bd5f758d2b4dea59aabd75a9

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

b83f2ce2912343b559f967dd985da515

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives