SILVERMAN / The Foundations of Transaction Cost Economics

Описание к видео SILVERMAN / The Foundations of Transaction Cost Economics

In this video, Professor Brian Silverman at the Rotman School of Management will present an overview of Transaction Cost Economics. He will start with the initial contribution of Ronald Coase in the 1930s and later developments by Williamson and other economists in 1970s. He will explain the three observable characteristics of transactions: asset-specificity, uncertainty, and frequency, as well as the recently introduced fourth dimension of appropriability.

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