Transaction Costs and Technological Learning

摘要: Governance structures are assumed to be cost efficient in the sense that decision makers will select structure out of a number alternatives which offers highest potential for reduction production and transaction costs concerning an existing product or service. Low reflect firm’s ability economize on bounded rationality attenuate opportunistic behavior (Williamson, 1985). Cost efficiency specific organizational form depends characteristics service transacted. Within framework it can interpreted construct change governance derives from experience with numerous previous transactions practice.