44: Transaction Costs and Boundaries of the Firm - Williamson and Malone (Part 2)

44: Transaction Costs and Boundaries of the Firm - Williamson and Malone (Part 2)

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Please join us as continue our discussion of Oliver E. Williamson's famous 1981 article, "The Economics of Organization: The Transaction Cost Approach." Williamson proposed several important constructs in the article such as the 'efficient boundary' and how asset specificity shapes organizational behaviors. What did we think of these ideas?

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