As the integration solution to the problem of specific assets cannot be replicated on human asset specificity because … low human asset specificity, the restriction and segregation of usable decision rights link with standards. However …

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 …