This article shows that the "dynamic capabilities" approach - when treated in respect to inter-firm cooperation - can be divided into two distinct views for theoretical analysis about coordination: (i) the "Freeman-Lundvall" view searches for interfaces with sociology analysis; and (ii) the "Teece-Pisano" view is in theoretical perspective very near transaction costs analysis. This article concludes that the "Teece-Pisano" view is the unique between both that is compatible with a contract theory, and that allow for considering an important source of competitive advantage - the economy of transaction costs. Thus, the "Teece-Pisano" view is more relevant if cooperation is treated, in theoretical perspective, as a subordinated strategy in the capitalist competition process.
dynamic capabilities; inter-firm cooperation; contracts
