Оливър Уилямсън е роден в град Сюпириър, щата Уисконсин в 1932 в семейство на учители. След като завършва инженерни науки с бакалавърска степен по мениджмънт в...

The paper discusses various definitions of transaction costs and, in a sense, represents a review of existing theories. This involves an attempt at defining transaction costs in relation to information costs, implicit and explicit costs, ex ante and ex post transaction costs. We offer a...

Technological innovation brings down the costs of organizing activities within the firm, thus, providing transaction advantages for multinational firms which appear to be technological innovators. The multinational corporation is a complex hierarchical structure dislocated in many countries and...

The multinational corporation is revealed as a complex hierarchical structure comprising subsidiaries in the different national and regional markets and having the task of supplanting these markets when the costs of organizing transactions on those exceed the costs of internal organization. The...