Transaction Cost Economics and Beyond: Toward a New Economics of the Firm
by Michael Dietrich
2021-01-01 08:09:28
Transaction Cost Economics and Beyond: Toward a New Economics of the Firm
by Michael Dietrich
2021-01-01 08:09:28
In recent years transaction costs economics have come to dominate the discussion of the nature and organization of firms. InTransaction Costs Economics and BeyondMichael Driscoll offers a critical exploration of transaction costs. He argues that whil...
Read more
In recent years transaction costs economics have come to dominate the discussion of the nature and organization of firms. InTransaction Costs Economics and BeyondMichael Driscoll offers a critical exploration of transaction costs. He argues that whilst they have much to offer they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.
Less
