The Experts below are selected from a list of 49974 Experts worldwide ranked by ideXlab platform
Oliver E. Williamson - One of the best experts on this subject based on the ideXlab platform.
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The Transaction Cost Economics Project
Montenegrin journal of economics, 2014Co-Authors: Oliver E. WilliamsonAbstract:My discussion of the Transaction Cost Economics Project is in three parts. Section 1 addresses the question, what is Transaction Cost Economics (TCE)? Section 2 deals with How did I get involved? Section 3 looks to the future.
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The Transaction Cost Economics Project
2013Co-Authors: Oliver E. WilliamsonAbstract:Transaction Cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of contractual phenomena that have yet to be investigated in Transaction Cost economics terms. New challenges are posed by the need to move beyond the design of new contractual instruments (such as financial derivatives) to include an examination of the lurking hazards that attend contract implementation.
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Transaction Cost Economics: The Natural Progression †
The American Economic Review, 2010Co-Authors: Oliver E. WilliamsonAbstract:This manuscript provides the Nobel laureate's reflections on Transaction Cost economics. The overview section frames governance as the overarching concept and Transaction Cost economics as the means by which to breathe operational content into governance and organization. The vertical integration section identifies efficiency factors associated with determining when a firm produces a good or service to its own needs rather than outsource. A discussion of the rudiments of Transaction Cost analysis is subsequently provided. Puzzles and challenges that require pushing the logic of efficient governance to completion are examined and followed by concluding remarks.
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Transaction Cost economics the natural progression
The American Economic Review, 2010Co-Authors: Oliver E. WilliamsonAbstract:This manuscript provides the Nobel laureate's reflections on Transaction Cost economics. The overview section frames governance as the overarching concept and Transaction Cost economics as the means by which to breathe operational content into governance and organization. The vertical integration section identifies efficiency factors associated with determining when a firm produces a good or service to its own needs rather than outsource. A discussion of the rudiments of Transaction Cost analysis is subsequently provided. Puzzles and challenges that require pushing the logic of efficient governance to completion are examined and followed by concluding remarks.
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Transaction Cost Economics: The Origins
Journal of Retailing, 2010Co-Authors: Oliver E. WilliamsonAbstract:This paper is an autobiographical recollection of how my interest in and work on Transaction Cost economics progressively developed. It begins with an overview of the Transaction Cost economics project. A sketch of my undergraduate and graduate education follows. Key events in the 1960s that set the stage for my 1971 paper on “The Vertical Integration of Production” are then described. This paper would turn out to be the entering wedge from which Transaction Cost economics would take shape and continues today, as set out in the closing pages of the article.
Robert S Dooley - One of the best experts on this subject based on the ideXlab platform.
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strategic alliance outcomes a Transaction Cost economics perspective
British Journal of Management, 2006Co-Authors: William Q Judge, Robert S DooleyAbstract:Empirical research on strategic alliances has been limited because previous studies examined alliance outcomes, and the factors associated with them, from a single partner in a manufacturing alliance. Furthermore, many of these studies have been done from a Transaction Cost perspective and researchers have inferred opportunistic behavior, rather than directly measuring it and observing its actual relationship with alliance performance. Building on previous Transaction Cost theory and research, this study seeks to address these gaps by analyzing factors associated with both opportunistic behavior and alliance performance within a major service sector, namely the US healthcare industry. After controlling for asset specificity and alliance age, we found that partner trustworthiness and contractual safeguards were negatively related to opportunistic behavior. Furthermore, opportunistic behavior was negatively related to alliance performance, as hypothesized. Interestingly, mutual equity investments were found to be unrelated to opportunistic behavior, counter to Transaction-Cost logic. These findings refine and extend the Transaction-Cost economics perspective regarding our understanding of strategic alliance behavior and outcomes, and offer executives in service-based industries some practical ideas for assuring favorable strategic alliance outcomes.
Thompson S H Teo - One of the best experts on this subject based on the ideXlab platform.
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online buying behavior a Transaction Cost economics perspective
Omega-international Journal of Management Science, 2005Co-Authors: Thompson S H TeoAbstract:Using a Transaction Cost economics perspective, this paper presents a model for understanding consumers' on-line buying behavior. An empirical study was conducted in Singapore to test the model. The results indicate that consumers' willingness to buy online is negatively associated with their perceived Transaction Cost, and perceived Transaction Cost is associated with uncertainty, dependability of online stores and buying frequency. When consumers perceive more dependability of online stores and less uncertainty in online shopping and have more online experiences, they are more likely to buy online. Implications of the results are discussed.
Xose Carlos Arias - One of the best experts on this subject based on the ideXlab platform.
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Transaction Cost Politics in the Map of the New Institutionalism
Advances in Political Economy, 2013Co-Authors: Gonzalo Caballero, Xose Carlos AriasAbstract:In recent decades, the new institutionalism has strongly emerged in social sciences. Institutions have come back to the main research agenda in economics, politics and sociology. This paper presents and analyzes the program of Transaction Cost Politics within the map of the new institutionalism. Transaction Cost Politics constitutes an extension of the New Institutional Economics towards the analysis of politics, and it points out the relevance of institutions in political markets that are characterized by incomplete political rights, imperfect enforcement of agreements, bounded rationality, imperfect information, subjective mental models on the part of the individuals and high Transaction Costs. The paper reviews the main contributions of Transaction Cost Politics and we study the relationships of Transaction Cost Politics with Rational-Choice Institutionalism, Constitutional Political Economy and the New Institutional Economics.
William Q Judge - One of the best experts on this subject based on the ideXlab platform.
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strategic alliance outcomes a Transaction Cost economics perspective
British Journal of Management, 2006Co-Authors: William Q Judge, Robert S DooleyAbstract:Empirical research on strategic alliances has been limited because previous studies examined alliance outcomes, and the factors associated with them, from a single partner in a manufacturing alliance. Furthermore, many of these studies have been done from a Transaction Cost perspective and researchers have inferred opportunistic behavior, rather than directly measuring it and observing its actual relationship with alliance performance. Building on previous Transaction Cost theory and research, this study seeks to address these gaps by analyzing factors associated with both opportunistic behavior and alliance performance within a major service sector, namely the US healthcare industry. After controlling for asset specificity and alliance age, we found that partner trustworthiness and contractual safeguards were negatively related to opportunistic behavior. Furthermore, opportunistic behavior was negatively related to alliance performance, as hypothesized. Interestingly, mutual equity investments were found to be unrelated to opportunistic behavior, counter to Transaction-Cost logic. These findings refine and extend the Transaction-Cost economics perspective regarding our understanding of strategic alliance behavior and outcomes, and offer executives in service-based industries some practical ideas for assuring favorable strategic alliance outcomes.
