All organizations, institutions, business processes, markets and strategies have one aim in common: the reduction of transaction costs. This aim is pursued rele

Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in con

Transaction cost economics began to take shape around 1970 and has since been established as an essential tool used to illuminate a wide range of problems in ec

In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyo