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Posts Tagged ‘transaction cost economics’

Transaction Cost Economics: An Assessment of Empirical Research in the Social Sciences

December 5th, 2013 humas No comments

Transaction ...

This paper provides a comprehensive review of the empirical literature in transaction cost economics (TCE) across multiple social science disciplines and business fields. We show how TCE has branched out from its economic roots to examine empirical phenomena in several other areas.

We find TCE is increasingly being applied not only to business-related fields such as accounting, finance, marketing, and organizational theory, but also to areas outside of business including political science, law, public policy, and agriculture and health. With few exceptions, however, the use of TCE reasoning to inform empirical research in these areas is piecemeal.

We find that there is considerable support of many of the central tenets of TCE, but we also observe a number of lingering theoretical and empirical issues that need to be addressed. We conclude by discussing the implications of these issues and outlining directions for future theoretical and empirical work.

Sumber:
Richman, Barak D. and Macher, Jeffrey Thomas, Transaction Cost Economics: An Assessment of Empirical Research in the Social Sciences (August 2006). Duke Law School Legal Studies Paper No. 115. Available at SSRN: http://ssrn.com/abstract=924192 or http://dx.doi.org/10.2139/ssrn.924192

Transaction Cost Regulation

June 14th, 2011 humas No comments

Sumber: NBER.org

This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a framework to analyze the interaction between governments and investors fundamentally, but not exclusively, in utility industries.

TCR sees regulation as the governance structure of these interactions, and thus, as in standard transaction cost economics, it places emphasis in understanding the nature of the hazards inherent to these interactions.

The emphasis on transactional hazards requires a microanalytical perspective, where performance assessment is undertaken within the realm of possible institutional alternative. In that sense, politics becomes fundamental to understanding regulation as the governance of public / private interactions.

The paper discusses two fundamental hazards and their organizational implications: governmental and third party opportunism. Both interact to make regulatory processes and outcomes more rigid, formalistic, and prone to conflict than envisioned by relational contracting.

Download: Transaction Cost Regulation, oleh Pablo T. Spiller.

The New Institutional Economics- Its Start, Its Meaning , Its Prospects

February 19th, 2009 humas 4 comments

Sumber: cniss.wustl.edu


UPDATE: Download dan baca versi terbarunya: The New Institutional Economics- Its Start, Its Meaning , Its Prospects -


Apakah arti dari New Institutional Economics? Dari manakah kemunculannya dan bagaimana prospeknya? Download dan baca tulisan The New Institutional Economics- Its Start, Its Meaning , Its Prospects - yang disusun oleh Rudolf Richter.

Substansi isinya relatif lengkap, tetapi mohon untuk dicermati secara hati-hati karena masih bersifat For discussion only! dan Please do not quote.

Substansi isinya juga membahas beberapa teori, yang umum dikategorikan dalam pokok bahasan NIE, yaitu:

  1. property rights economics,
  2. transaction cost economics,
  3. evolutionary economics,
  4. constitutional choice,
  5. collective action theory,
  6. public choice theory,
  7. economic contract theory, dan
  8. new institutional economic history.