Why the Firm is the Source for Reducing Transaction CostsAbstract:Governing structures (institutions) are the natural result of the efforts for minimizing transaction costs. As such, selecting the proper governance structure for organizing economic activity is facilitated by transaction characteristics. The firm being seen as an institution is the privilege of neo-institutionalism. We shall begin ...
Year of publication: |
2013
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Authors: | Elena, Georgescu Cristina |
Published in: |
Ovidius University Annals, Economic Sciences Series. - Facultatea de Ştiinţe Economice, ISSN 1582-9383. - Vol. XIII.2013, 2, p. 579-582
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Publisher: |
Facultatea de Ştiinţe Economice |
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