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A New Approach In Economics: Transaction Costs Theory

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  • Iacobuta Andreea-Oana

    ()
    (Universitatea , Facultatea de Economie si Administrarea Afacerilor)

Abstract

Ronald Coase article from 1937, The Nature of the Firm, meant a new way of thinking and conceiving of the world, especially of economic organisations. Coase argued that the firm and the market represent two alternative ways to organise the same transactio

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File URL: http://steconomice.uoradea.ro/anale/volume/2009/v2-economy-and-business-administration/62.pdf
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Bibliographic Info

Article provided by University of Oradea, Faculty of Economics in its journal The Journal of the Faculty of Economics - Economic.

Volume (Year): 2 (2009)
Issue (Month): 1 (May)
Pages: 370-375

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Handle: RePEc:ora:journl:v:2:y:2009:i:1:p:370-375

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Postal: Universitatii str. 1, Office F209, 410087 Oradea, Bihor
Phone: +40259408799
Fax: 004 0259 408409
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Web page: http://anale.steconomiceuoradea.ro/
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Related research

Keywords: transaction costs; bounded rationality; opportunism; asset specificity; governance;

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  1. Oliver E. Williamson, 2002. "The Theory of the Firm as Governance Structure: From Choice to Contract," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 171-195, Summer.
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