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| Author: | Robins, J. A. |
| Title: | Organizational economics : notes on the use of transaction-cost theory in the study of organizations. |
| Journal: | Administrative Science Quarterly
1987 : MAR, VOL. 32:1, p. 68-86 |
| Index terms: | ORGANIZATION THEORY |
| Language: | eng |
| Abstract: | Transaction cost theory has helped to give new life to some of the classic issues of organization studies through the use of microeconomic models. Transaction-cost approaches to organizational analysis are reviewed and their use of microeconomic theory is examined. Some important flaws in the work are identified. It is argued that transaction-cost theory can be powerful tool for organizational and strategic analysis but that it must be set within the framework of more general organizational theory. |
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