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Williamson (1979) - Transaction Cost Economics (view source)
Revision as of 19:15, 29 September 2020
, 19:15, 29 September 2020no edit summary
{{Article
|Has page=Williamson (1979) - Transaction Cost Economics
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|Has article title=Transaction Cost Economics
|Has author=Williamson
|Has year=1979
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*This page is referenced in [[BPP Field Exam Papers]]
Williamson, Oliver (1979), "Transaction-Cost Economics: The Governance of Contractual Relations", Journal of Law and Economics, Vol. 22, No. 2. (Oct.), pp. 233-261. [http://www.edegan.com/pdfs/Williamson%20(1979)%20-%20Transaction%20Cost%20Economics.pdf pdf]
@article{williamson1979transaction,
title={Transaction-cost economics: the governance of contractual relations},
author={Williamson, O.E.},
journal={Journal of law and economics},
volume={22},
number={2},
pages={233--261},
year={1979},
publisher={JSTOR}
}
Opportunism - is what we would now call rational (selfish) utility or profit maximization.
Veridical - truthful (used in the context of differentiating between multiple truthful outcomes in Williamson)
==General Concensus on Transaction Costs==
