UPDATED – TCE PRECEPTS FOR ANALYZING INSTITUTIONS

Jul 19, 2010 — Neil Boyle

UPDATED – TCE PRECEPTS FOR ANALYZING INSTITUTIONS 07-19-2010 ver 3C

Please click on the above link to see the updated version of what I consider one of my important posts.  It is important because it concentrates in one file the beginning of what I have learned over the past 10 years of studying transaction cost economics and applying it to my work.  I found the file useful in two ways: (i) it serves as an  important jogger of memory when I most need it and that is in analysis.  It reminds me of key scientific relationships between the myriad of dots that make up institutional analysis especially for PPP infrastructure; and (ii) it serves as an efficient way to concentrate what I have learned in one coherent analytical framework. Although the precepts are applications of TCE theory, hence the TCE moniker and a bit specialized and technical in wording, they are an efficient way to document the numerous refutable hypotheses that this analytical framework puts out.  For those who wonder what is the value of refutable hypotheses, refutable hypotheses are answers to practical project questions that are based on scientific methodology and which are presented such that presentation facilitates the refutation of the answer and enables coming up with more or improved evidence than was presented before.

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