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Subjectivism, Understanding, and Transaction Costs

In: The Elgar Companion to Transaction Cost Economics

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  • Fu-Lai Tony Yu

Abstract

Since its emergence in the 1970s, transaction cost economics (TCE) has become a leading approach in the research on contracts, firm organization and strategy, antitrust, marketing, inter-firm collaboration and entrepreneurship. With contributions by leading scholars in economics, law and business administration – including Oliver E. Williamson, recipient of the 2009 Nobel Prize in economics for his development of the transaction cost approach – this volume reviews the latest developments in TCE and applies them to contemporary theoretical and empirical problems.

Suggested Citation

  • Fu-Lai Tony Yu, 2010. "Subjectivism, Understanding, and Transaction Costs," Chapters, in: Peter G. Klein & Michael E. Sykuta (ed.), The Elgar Companion to Transaction Cost Economics, chapter 26, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:4136_26
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    References listed on IDEAS

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    1. Brousseau,Éric & Glachant,Jean-Michel (ed.), 2008. "New Institutional Economics," Cambridge Books, Cambridge University Press, number 9780521876605, October.
    2. Brousseau,Éric & Glachant,Jean-Michel (ed.), 2008. "New Institutional Economics," Cambridge Books, Cambridge University Press, number 9780521700160, October.
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