Transaction Cost Economics

Published on Dec 1, 2016in Journal of Retailing3.67
· DOI :10.1007/978-3-540-69305-5_4
Oliver E. Williamson70
Estimated H-index: 70
(UC: University of California)
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.
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