A NEW APPROACH IN ECONOMICS: TRANSACTION COSTS THEORY

Ronald Coase article from 1937, The Nature of the Firm, meant a new way of thinking and conceiving of the world, especially of economic organisations. Coase argued that the firm and the market represent two alternative ways to organise the same transactio

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Year of publication:	2009
Authors:	Andreea-Oana, Iacobuta
Published in:	Annals of Faculty of Economics. - Facultatea de Ştiinţe Economice. - Vol. 2.2009, 1, p. 370-375
Publisher:	Facultatea de Ştiinţe Economice
Subject:	transaction costs \| bounded rationality \| opportunism \| asset specificity \| governance

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	B52 - Institutional; Evolutionary ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008512074