This paper presents a model that complements the research stream of transaction cost economies with the dynamic capabilities approach. The paper shows that, even though technological alliances involving specific assets deployed in emerging industries are exposed to high transaction costs, they...

The study aims to identify the institutional flaws of the cur-rent EU waste management model by analysing the economic model of ‘extended producer responsibility' and collective waste management systems and to create a model for measuring the transaction costs borne by waste recovery...