Transactions cost and boundary of the firm

This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on asset specificity. The formal model with the human asset specificity is supposed to reply following questions. Why the firm arise and where is the boundary of the firm? In the second part, the model TCT is extending by knowledge-based explanations of the firm.

MoreLess

Year of publication:	2008
Authors:	Vitík, Robert
Published in:	Ekonomika a managment. - Vysoká Škola Ekonomická v Praze, ISSN 1802-8470. - Vol. 2008.2008, 3
Publisher:	Vysoká Škola Ekonomická v Praze
Subject:	Teorie transakčních nákladů \| Boundary of the firm \| Teorie firmy založená na znalostech \| Theory of the firm \| Teorie firmy \| Knowledge-based view \| Specifičnost lidských aktiv \| Human asset specificity \| Hranice firmy \| Transaction cost theory

More details

Extent:	text/html
Type of publication:	Article
Language:	Czech
Classification:	D21 - Firm Behavior ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; D83 - Search, Learning, Information and Knowledge ; L25 - Firm Size and Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009401149