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Nooteboom, B. (author), Klos, T. (author), Jorna, R. (author), Technisch Physische Dienst TNO - TH (author)
Inter-firm relations have increasingly been analyzed by means of transaction cost economics (TCE). However, as has been widely acknowledged, TCE does not include dynamics of learning, adaptation or innovation, and it does not include trust. It assumes that efficient outcomes arise, while that may be in doubt, due to complexity and path...
conference paper 2001