Quasi-Rents, Measurement Costs, Enforceability and Efficient Organizations
14 Pages Posted: 3 Oct 2006 Last revised: 13 Jan 2009
Date Written: June 2004
The paper draws heavily from Williamson and Barzel's theoretical propositions. Firstly it translates the measurement cost approach into a rule of thumb type of diagram and then mix it with the asset specificity approach to explain the choice of organizational arrangement. It thus suggests the possibility of merging both theories into a broader and nonetheless operational one.
Keywords: measurement cost, transaction cost, organizational arrangement
JEL Classification: D23, L14, L22
Suggested Citation: Suggested Citation