IDEAS home Printed from https://ideas.repec.org/a/mhr/jinste/urnsici0932-4569(199712)1534_675ttctot_2.0.tx_2-m.html
   My bibliography  Save this article

The Transaction Cost Theory of the (Multinational) Firm - Note

Author

Listed:
  • James H. Love

Abstract

Ambiguities are identified in HALLWOOD's [1994] explanation of the existence of the multinational firm. Hallwood argues that internalization theory contains two critical implicit assumptions. The first of these is non-existent, and the second has been presented in a potentially misleading way. By appearing to draw a clear distinction between measurement costs and transaction costs, Hallwood obscures the important issue of information asymmetry and search costs in final product markets.

Suggested Citation

  • James H. Love, 1997. "The Transaction Cost Theory of the (Multinational) Firm - Note," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 153(4), pages 675-675, December.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(199712)153:4_675:ttctot_2.0.tx_2-m
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christian Balcells, 2022. "Determinants of firm boundaries and organizational performance: an empirical investigation of the Chilean truck market," Journal of Evolutionary Economics, Springer, vol. 32(2), pages 423-461, April.
    2. James Love & Stephen Roper, 2002. "Internal Versus External R&D: A Study of R&D Choice with Sample Selection," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(2), pages 239-255.

    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(199712)153:4_675:ttctot_2.0.tx_2-m. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Wolpert (email available below). General contact details of provider: https://www.mohrsiebeck.com/jite .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.