56 Pages Posted: 13 Mar 2012 Last revised: 14 Apr 2012
Date Written: 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.
Keywords: Transaction Cost Economics
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By Eugene Fama
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