Transaction Cost Economics
University of California, Berkeley - Haas School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)
Oliver E. Williamson
University of California, Berkeley - Business & Public Policy Group
March 12, 2012
The study of the governance of economic organization has become a lively and diverse field of research over the last four decades. This chapter describes the fundamental ideas of Transaction Cost Economics (TCE) as these evolved in the 1970's to offer a methodology through which to analyze how the governance of economic organization has economizing consequences.
Number of Pages in PDF File: 56
Keywords: Transaction Cost Economics
Date posted: March 13, 2012 ; Last revised: April 14, 2012
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