Academic Journals Database
Disseminating quality controlled scientific knowledge

A NEW APPROACH IN ECONOMICS: TRANSACTION COSTS THEORY

ADD TO MY LIST
 
Author(s): Iacobuta Andreea-Oana

Journal: Annals of the University of Oradea : Economic Science
ISSN 1222-569X

Volume: 2;
Issue: 1;
Start page: 370;
Date: 2009;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

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

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
Why do you need a reservation system?      Affiliate Program