STATION AND FOUNDATIONS OF TRANSACTION COST ECONOMICS

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NADERAN ELIAS; SHOKOUHI MOHAMMAD REZA

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Journal: Journal of Economic Research Year:2012 | Volume:47 | Issue:2 (99) Page(s): 159-177

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Information Journal Paper

Title

STATION AND FOUNDATIONS OF TRANSACTION COST ECONOMICS

Author(s)

NADERAN ELIAS | SHOKOUHI MOHAMMAD REZA | Issue Writer Certificate

Keywords

INSTITUTIONQ2

NEW INSTITUTIONAL ECONOMICS (NIE)Q2

TRANSACTION COST ECONOMICS (TCE)Q2

ORGANIZATIONQ2

Abstract

Transaction Cost Economics (TCE), as a subset of New INSTITUTIONal Economics (NIE), is the combination of Economics, ORGANIZATION and Law. Noble Prize in 2009 was dedicated to Oliver Williamson who was the most popular face in the Economics as TCE main Contributor. In TCE, the main issues on the one hand is how INSTITUTIONs follow Characteristics of Transactions, On the other hand, the making or buying decision or Vertical Integration is one of the focal question in TCE. For Operationalization of this question, TCE use The Discriminating Alignment Hypothesis. Base on this Hypothesis, governance structure aligns with characteristics of transaction subject to transactions costs minimization. In these perspectives, TCE reveals the proper answer to need of managers for make or buy decisions. So cognition of Station and foundations of TCE, with the consideration of its wide applications as interdisciplinary science in recent years, is the purposes of this article.

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APA: Copy

NADERAN, ELIAS, & SHOKOUHI, MOHAMMAD REZA. (2012). STATION AND FOUNDATIONS OF TRANSACTION COST ECONOMICS. TAHGHIGHAT-E-EGHTESADI, 47(2 (99)), 159-177. SID. https://sid.ir/paper/11856/en

Vancouver: Copy

NADERAN ELIAS, SHOKOUHI MOHAMMAD REZA. STATION AND FOUNDATIONS OF TRANSACTION COST ECONOMICS. TAHGHIGHAT-E-EGHTESADI[Internet]. 2012;47(2 (99)):159-177. Available from: https://sid.ir/paper/11856/en

IEEE: Copy

ELIAS NADERAN, and MOHAMMAD REZA SHOKOUHI, “STATION AND FOUNDATIONS OF TRANSACTION COST ECONOMICS,” TAHGHIGHAT-E-EGHTESADI, vol. 47, no. 2 (99), pp. 159–177, 2012, [Online]. Available: https://sid.ir/paper/11856/en

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