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What is Transaction Cost Economics

Applied Guide for Event Study Research in Supply Chain Management
The study of the costs of making a trade and not making a product inside the firm. The approach has a rich history and is essential in many supply chain studies.
Published in Chapter:
Writing the Manuscript
Copyright: © 2022 |Pages: 26
DOI: 10.4018/978-1-7998-8969-4.ch013
Abstract
This chapter introduces a structured approach to writing the manuscript, focusing particularly on the results and discussion section. Many of the core issues and factors that must be considered in the write-up are addressed. Also covered are presentation pitfalls that are commonly encountered. To help conceptualize how the manuscript can synthesized, the author introduces the “V-Model” structure. The model structure explains the connections and relationships between the various portions of a manuscript, what the readers may look for in each section, and outlines some differences between dissertations and journal articles. Finally, several tips are provided on ensuring that each section of the manuscript contains the necessary components and connects with the appropriate sections.
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Information Sharing in Innovation Networks
A theory most typically associated with Williamson, which explains that firms will organize in a manner to minimize the costs of production, including the costs of transaction and exchange.
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The Social Responsibility of the Firm: A Corporate Governance Perspective
The term “transaction costs” is credited to Coase and is meant to represent the cost of contracting and combining resources in production. As there are multiple and alternative modes of production, each incurring in different costs, preference should be given to the most economical one.
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