Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107809
Authors: 
den Butter, Frank A.G.
Joustra, Jelle
Year of Publication: 
2014
Series/Report no.: 
Tinbergen Institute Discussion Paper 14-095/VI
Abstract: 
The organization of Electronic Dance Music (EDM) events has become a major export product in the Netherlands. In order to respond quickly to the new trends and needs, innovative forms of cooperation between producers are to be set up for the organization of exciting new events. A case study on how these EDM events are actually organised in the Netherlands shows that the best way to do it is through hybrid forms of organisation, which combine horizontal forms of organisation through the market and vertical forms through the hierarchy. As EDM events are characterised by much asset specificity, the perspective of transaction cost economics indicates why this industry relies on hybrid forms of organisation. Trust between the collaborating partners, intrinsic motivation to be professional in the design and creation of new, ground-breaking music sensations and an extensiv e use of social media play a key role in lowering the transaction costs in the dance industry.
Subjects: 
Industrial organization
coordination costs
transaction cost economics
resource based view
cooperation in hybrid organizations
Electronic Dance Music (EDM) events
trust
use of social media
JEL: 
D23
D85
E23
F60
L23
L24
L82
O31
P13
Document Type: 
Working Paper

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