volume 23, issue 3, P170-187 2015
DOI: 10.1108/mbr-08-2014-0041
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Peter J. Buckley, OBE, Jean J. Boddewyn

Abstract: Purpose – The purpose of this paper is to show that the market-internalization framework can be applied to non-economic institutions because society’s non-market sub-systems – political, social and cultural – are subject to failures just like economic markets, and firms can contribute to their repair or replacement by selectively, strategically and responsibly internalizing the market and non-market arenas for these sub-systems’ functions. …

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