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Question
To the extent that a strategic alliance is based on ________ relations, it will make the alliances costly to imitate.
A) socially complex
B) tacit collusion
C) explicit collusion
D) moral hazard
Answer
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Q:
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Q:
________ collusion exists when firms coordinate their production and pricing decisions not by directly communicating with each other but by exchanging signals with other firms about their intent to cooperate.
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Q:
When one firm makes more transaction-specific investments in a strategic alliance than partner firms make, that firm may be subject to a form of cheating called ________ that occurs when a firm that has not made significant transaction-specific investments demands returns from an alliance that are higher than what the partners agreed to when they created the alliance.
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Q:
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A) high.
B) low.
C) moderate.
D) uncertain.
Q:
A firm's ability to learn is known as its
A) competitive position.
B) competitive advantage.
C) distinctive competence.
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Q:
Strategic alliances can create economic value through helping firms improve their current operations by
A) facilitating the development of technology standards.
B) facilitating tacit collusion.
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Q:
Sometimes the value of cheating in a joint venture is sufficiently large that a firm cheats even though doing so hurts the joint venture and forecloses future opportunities.
Q:
In general, contracts are sufficient to resolve all the problems associated with cheating in an alliance.
Q:
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Research on international joint ventures suggests that the existence of transaction-specific investments in their relationships makes these agreements relatively immune to holdup problems.
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In an alliance a holdup occurs when a firm that has not made significant transaction-specific investments demands returns from an alliance that are higher than what the partners agreed to when they created the alliance.