THREE APPLICATIONS OF TRANSACTION COST ECONOMICS IN ROMANIA

Article OPEN
Radu A. Păun;
(2008)
  • Journal: Journal of Information Systems and Operation Management,volume 2,issue 1 July,pages259-272
  • Subject: new institutional economics, transaction cost economics, contract complexity | application, transaction

We begin by investigating the use of complex contracts in Romania. A transparent transaction cost economics (TCE) model generates the hypothesis that buyer and seller relationship-specific investments have opposite effects on contract complexity. Our analysis counters t... View more
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