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Essay

Transaction Cost Economics

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Issue:

Business

 

Written by:

Roger T

 

Date added:

January 20, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1474

 

Was viewed:

2742 times

 

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Essay content:

Site specificity, dedicated assets, and the need for customized production facilities increase the vertical integration in a number of industries. The concept of transactions costs was first described by Ronald Coase in his paper “The Nature of the Firm” in 1937. He identified governance costs as important determinants of firm boundaries, together with the costs of using the market...
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Site specificity, dedicated assets, and the need for customized production facilities increase the vertical integration in a number of industries. The concept of transactions costs was first described by Ronald Coase in his paper “The Nature of the Firm” in 1937. He identified governance costs as important determinants of firm boundaries, together with the costs of using the market...
displayed 300 characters

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