Transaction costs in Industrial Symbiosis Networks
Industrial Symbiosis is a business model related to the circular economy, where waste or by-products from one company are transformed into raw materials for another, generating economic, environmental and social advantages for the organizations involved. Despite these benefits, its implementation am...
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Facultad de Ciencias Económicas - Universidad Nacional de Córdoba
2024
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| Acceso en línea: | https://revistas.unc.edu.ar/index.php/DTI/article/view/44743 |
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| Sumario: | Industrial Symbiosis is a business model related to the circular economy, where waste or by-products from one company are transformed into raw materials for another, generating economic, environmental and social advantages for the organizations involved. Despite these benefits, its implementation among the different industrial sectors is not widespread. According to the literature, this situation is due to certain problems inherent to this phenomenon, with transaction costs being identified as one of the main barriers to its development. The objective of this paper is to identify the transaction costs associated with the development of an Industrial Symbiosis network. For this purpose, a qualitative study was carried out based on the networks originated by ethanol in the province of Cordoba, Argentina. Thirteen interviews were conducted as primary sources of information and several documents were analyzed as secondary sources. The results delved into three types of transaction costs: search, negotiation and execution costs. These include aspects such as determining the cost of transportation, setting a price and the cost of installing infrastructure for conditioning the waste or by-product into raw material. In addition, possible solutions based on the literature are proposed, such as the use of digital information platforms and the implementation of flexible contracts. |
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