Transaction and Transactors' Choices: What We Have Learned and What We Need to Explore

In Ménard C. and M.M. Shirley (Eds.), A Research Agenda for New Institutional Economics, 2018

11 Pages Posted: 14 Nov 2018 Last revised: 16 Apr 2020

See all articles by Massimiliano Vatiero

Massimiliano Vatiero

Università della Svizzera italiana; University of Trento

Date Written: September 29, 2018

Abstract

Despite the prolific literature on transaction costs, the concept of transaction still wants for a definition. This theoretical essay explains and recombines different-but closely related-dimensions of the transactional phenomenon (legal, competitive and political dimensions of a transaction) in order to identify promising avenues for future research.

Keywords: Transaction, Transaction Costs, Political economy, New Institutional Economics, Coase, John Commons, Oliver Williamson

Suggested Citation

Vatiero, Massimiliano, Transaction and Transactors' Choices: What We Have Learned and What We Need to Explore (September 29, 2018). In Ménard C. and M.M. Shirley (Eds.), A Research Agenda for New Institutional Economics, 2018, Available at SSRN: https://ssrn.com/abstract=3257382 or http://dx.doi.org/10.2139/ssrn.3257382

Massimiliano Vatiero (Contact Author)

Università della Svizzera italiana ( email )

Via Giuseppe Buffi, n. 13
Lugano, Ticino 6900
Switzerland

University of Trento ( email )

Via Inama, 5
Trento, Trento 38122
Italy

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