'The Economics of Modern Business Enterprise, edited by Martin Ricketts, focuses upon the historical development of the transaction cost view of the firm - with qtransaction costq interpreted rather broadly. Its three volumes comprise the most influential papers in the field, introduced by the editor with an extremely well written introduction. the three volumes address graduate students of business economics. They are so well selected, ordered and introduced that they may as well serve as a handbook on qthe new institutional economics of the firm.q' - Rudolf Richter, Saarland University, Germany and the Hoover Institution, Stanford University, USThe offer of such a long- term relationship with the potential cheater will eliminate systematic opportunistic behavior.17 The larger the potential one-time ... No matter how high the premium, cheating would occur at the start of the last period.
|Title||:||The Economics of Modern Business Enterprise|
|Publisher||:||Edward Elgar Pub - 2008-01-01|