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2020 | OriginalPaper | Chapter

10. Relational Rent and Societal Value Creation

Author : Josef Wieland

Published in: Relational Economics

Publisher: Springer International Publishing

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Abstract

Relational rents are created in the economy and society as a shared value that has to be distributed. Creating Shared Value (CSV) or Shared Value Creation (SVC) are relevant keywords in a societal discussion on this subject. The extent of achievable relational rents depends on the willingness to cooperate, the ability to cooperate and the resulting opportunities for cooperation of a team or a network of teams. The effectiveness of individual and organisational relational norms play a decisive role in this context. Their discussion, therefore, constitutes a significant part of this chapter, as they are the foundations of a team’s possible cooperation corridor.

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Title: Relational Rent and Societal Value Creation
Author: Josef Wieland
Publisher: Springer International Publishing
Book: Relational Economics
Print ISBN: 978-3-030-45111-0

Electronic ISBN: 978-3-030-45112-7

Copyright Year: 2020
DOI: https://doi.org/10.1007/978-3-030-45112-7_10