Transaction Cost Economics and Beyond

Transaction cost economics (TCE) is at the heart of the new theory of the firm. While it is an established research tradition with a well-developed theoretical framework and good empirical results, critics consider TCE too limited to understand the essential characteristics of complex organizations like the firm. The criticism is that we need to go beyond the original TCE framework and develop a more pluralistic approach towards issues of economic organization. This book provides a debate on these issues. It aims to contribute to our further understanding of the theory of the firm and provides a better knowledge of the complexities of economic organization.