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Transaction cost theory and management consulting: Why do management consultants exist?

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Author Info

  • Staffan Canback

    (Henley Management College)

Abstract

The paper sheds light on two questions, using transaction cost theory: 1) Why do management consultants exist, and 2) why do they organize in independent firms. The paper also contains a history of the management consulting industry.

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File URL: http://128.118.178.162/eps/io/papers/9810/9810002.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Industrial Organization with number 9810002.

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Date of creation: 11 Oct 1998
Date of revision: 09 Jan 1999
Handle: RePEc:wpa:wuwpio:9810002

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Web page: http://128.118.178.162

Related research

Keywords: transaction cost theory; management consulting;

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  1. Alfred D. Chandler, 1969. "Strategy and Structure: Chapters in the History of the American Industrial Enterprise," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530090.
  2. Aoki, Masahiko, 1990. "Toward an Economic Model of the Japanese Firm," Journal of Economic Literature, American Economic Association, vol. 28(1), pages 1-27, March.
  3. Henry Ogden Armour & David J. Teece, 1978. "Organizational Structure and Economic Performance: A Test of the Multidivisional Hypothesis," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 106-122, Spring.
  4. Teece, David J, 1981. "Internal Organization and Economic Performance: An Empirical Analysis of the Profitability of Principal Firms," Journal of Industrial Economics, Wiley Blackwell, vol. 30(2), pages 173-99, December.
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