Technical Notes:

Vertical Integration as Paradigm: A graphical representation of TCE

Technical Notes

May 25, 2010 — Neil Boyle

VERTICAL INTEGRATION AS PARADIGM - A graphical representation of TCE 5-25-2010 One of many amazing accomplishments of Professor Williamson and to which we benefit from today was his extraction in reduced mathematical form (1996. pp. 106-111) of the basic structure of economic exchange.  Notwithstanding reduced form mathematics, we can generate new ...

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A Stylized Case Study:Deriving Economic Governance

Case Studies

Mar 15, 2010 — Neil Boyle

Updated on April 15, 2010 (in red font) for greater clarity on the topic of operationalizing transaction costs. In the 1960s, economists started actively pursuing research in institutional economics to great success and we see that success in: Transaction Cost Economics (TCE), Agency Theory (AT), and Property Rights Economics (PRE), among others, which ...

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