Transaction Cost Economics: The Natural Progression
诺贝尔奖得主反思交易成本经济学，将治理作为核心概念，分析企业垂直整合的效率因素，并探讨推动高效治理逻辑的挑战。
Abstract This manuscript provides the Nobel laureate's reflections on transaction cost economics. The overview section frames governance as the overarching concept and transaction cost economics as the means by which to breathe operational content into governance and organization. The vertical integration section identifies efficiency factors associated with determining when a firm produces a good or service to its own needs rather than outsource. A discussion of the rudiments of transaction cost analysis is subsequently provided. Puzzles and challenges that require pushing the logic of efficient governance to completion are examined and followed by concluding remarks.