Transaction Cost Economics and Beyond : Toward a New Economics of the Firm

by Michael Dietrich

Book Details

Format Hardback or Cased Book

ISBN-10 0415071550

ISBN-13 9780415071550

Publisher Taylor & Francis Ltd

Imprint Routledge

Country of Manufacture GB

Country of Publication GB

Publication Date Mar 10th, 1994

Print length 226 Pages

Weight 386 grams

Product Classification: Economics of industrial organisation

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Ksh 30,600.00

Werezi Extended Catalogue 0 in stock

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Dietrich offers a critical exploration of transaction costs, arguing that while they have much to offer, they are still an inadequate basis for a general theory of the firm.

In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich offers a critical exploration of transaction costs. He argues that whilst they have much to offer, they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.

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