Cooperation, Opportunism, and the Invisible Hand: Implications for Transaction Cost Theory
指出交易成本理论忽略了市场机制（看不见的手）对机会主义风险的抑制作用，长期中市场会淘汰习惯性机会主义行为，因此内部化的理由被高估。
Transaction cost theorists have generally neglected to consider the implications that the invisible hand of the market mechanism can have for the risk of opportunism. In the long run, the invisible hand deletes actors whose behaviors are habitually opportunistic. Consequently, as markets move toward the state of competitive equilibrium, the risk of opportunism will be low, even for transactions supported by specific asset investments. Therefore, in many contexts the transaction cost rationale for internalization has been overstated.