Results 101 to 110 of about 6,177,561 (149)

Critiques of Transaction Cost Economics: An Overview

2010
Ever since its emergence in the early 1970s (e.g., Williamson 1971; Furubotn and Pejovich 1972; Alchian and Demsetz 1972; Arrow 1974; Jensen and Meckling 1976), the new institutional economics has been the subject of intense debate. As the perhaps most important constituent body of thought in the NIE, transaction cost economics (TCE) is no exception ...
Foss, Nicolai J., Klein, Peter G.
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Transaction Cost Economics and the Carnegie Connection

Journal of Economic Behavior & Organization, 1996
Abstract Thus whereas the other social sciences-political science, organization theory, aspects of sociology and social psychology, parts of the law-have regularly availed themselves of economics, economics was always special: It was self-contained; it was the queen of the social sciences; it played hardball.
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Transaction cost economics

2003
In the debate on no-regret potentials, transaction costs are a rather controversial issue. On the one hand, the controversy concerns the level of transaction costs related to energy saving measures. Existing cost-benefit analyses for energy saving measures are often criticised for being incomplete because, allegedly, they would not fully account for ...
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Transaction-Cost Economics in Real Time

Industrial and Corporate Change, 1992
Abstract Although one can find versions of the idea in Smith, Marshall, and elsewhere, the modern discussion of the capabilities of organizations probably begins with Edith Penrose (1959), who suggested viewing the firm as a ‘pool of resources.· Among the writers who have used and developed this idea are G. B.
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Artificial Intelligence for Transaction Cost Economizing

IFAC Proceedings Volumes, 1987
Abstract The transaction cost approach to explaining the nature of firms is reviewed. It is argued that this approach, with emphasis on contractual governance, could integrate the individual and structural studies on economic organisations. A proposal for inter and intra firm transactions dimensioning is used to demonstrate that artificial ...
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Transaction cost economics

Frank A.G. den Butter explains the importance and means of keeping transaction costs as low as possible. He illustrates how this transaction management can contribute to making firms and nations more competitive by exploiting gains from the division of labour and international fragmentation of production, and uses relevant case studies to illustrate ...
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The Nature of Transaction Cost Economics

Journal of Economic Issues, 1997
(1997). The Nature of Transaction Cost Economics. Journal of Economic Issues: Vol. 31, No. 3, pp. 781-804.
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Opportunism and Trust in Transaction Cost Economics

1996
Transaction cost economics (TCE) as developed by Williamson (1975, 1979, 1985, 1991) focuses on the relationship between attributes of transactions and characteristics of the governance structures used to accommodate these transactions. Transactions vary in many dimensions, the most important of which is the degree of asset specificity.
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Is Transaction Cost Economics Behavioral?

2020
This chapter briefly explains the need for behavioral theories of the firm, describes the characteristics thereof, and presents opposing views about whether transaction cost economics (TCE) is behavioral. Based on an evaluation against these characteristics, we find TCE falling short of being a behavioral theory of organizational decision-making ...
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Transaction Cost Economics and Beyond

1996
Preface. 1. Transaction Cost Economics and Beyond: Why and How? J. Groenewegen. 2. Efficiency, Power, Authority, and Economic Organization O.E. Williamson. 3. Empirical Research in Transaction Cost Economics: Challenges, Progress, Directions S.E. Masten. 4. Transaction Cost Analysis and Marketing E. Anderson. 5.
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