Showing papers by "Oliver E. Williamson published in 2014"
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TL;DR: The Transaction Cost Economics Project (TCE) as mentioned in this paper is an example of such a project and has been widely used in the literature, including in the field of finance and economics.
Abstract: My discussion of the Transaction Cost Economics Project is in three parts. Section 1 addresses the question, what is Transaction Cost Economics (TCE)? Section 2 deals with How did I get involved? Section 3 looks to the future.
10 citations
01 Jan 2014
TL;DR: Although many economists decided on economics as a career choice when they were undergraduates, that was not my experience as mentioned in this paper, and became an economist by discovering my interests as I progressively moved from engineering to business to economics and, within economics, finding that interdisciplinary economics (which, for me, would initially entail combining economics with organization theory and later would include aspects of contract law) was an underdeveloped but promising area of teaching and research.
Abstract: Although many economists decided on economics as a career choice when they were undergraduates, that was not my experience. I became an economist by discovering my interests as I progressively moved from engineering to business to economics and, within economics, finding that interdisciplinary economics (which, for me, would initially entail combining economics with organization theory and later would include aspects of contract law) was an underdeveloped but promising area of teaching and research. As events would have it, what became known as transaction cost economics (TCE) would become one of the foundations upon which the New Institutional Economics is based.2
1 citations