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Transaction Cost Economics

56 Pages Posted: 13 Mar 2012 Last revised: 14 Apr 2012

Steven Tadelis

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

Date Written: March 12, 2012

Abstract

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.

Keywords: Transaction Cost Economics

Suggested Citation

Tadelis, Steven and Williamson, Oliver E., Transaction Cost Economics (March 12, 2012). Available at SSRN: https://ssrn.com/abstract=2020176 or http://dx.doi.org/10.2139/ssrn.2020176

Steven Tadelis (Contact Author)

University of California, Berkeley - Haas School of Business ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR) ( email )

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

Oliver E. Williamson

University of California, Berkeley - Business & Public Policy Group ( email )

545 Student Services Building
Berkeley, CA 94720
United States
510-642-8697 (Phone)
510-642-4700 (Fax)

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