Trading in strategic resources: Necessary conditions, transaction cost problems, and choice of exchange structure
构建了一个理论框架，分析不完全可模仿和不完全可流动的企业资源在交易中的交换结构，探讨了模仿障碍与交易障碍的关联，并提出了一个评估交易成本问题下交换结构的模型，应用于收购与合作联盟的选择分析。
Abstract The paper develops a theoretical framework for analyzing the exchange structure in the trading of imperfectly imitable and imperfectly mobile firm resources. It first explores the conditions for such resources to be gainfully traded between firms and then investigates the interconnections between barriers to imitation and impediments to trading. A major part of the paper is devoted to developing an integrative and yet parsimonious model for assessing the exchange structure between firms that are involved in the trading of strategic resources in the face of signifcant transaction cost problems. The model is applied in the last part of the paper to the analysis of the choice between acquisitions and collaborative ventures.