INCREASING THE FIRM EFFICIENCY USING TRANSACTION COST ECONOMICS Cover Image

Cresterea eficientei firmei utilizand econimiile costului de tranzactionare
INCREASING THE FIRM EFFICIENCY USING TRANSACTION COST ECONOMICS

Author(s): Sofia David
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: efficiency; transaction costs; governance mode; market; hierarchy

Summary/Abstract: To increase the economic efficiency is the goal of any economic agent. Starting from the efficiency formulas, we can assert that every economic agent has as goal to maximize the effects or to minimize the efforts. In this context, the goal of this paper is to increase the economic efficiency by reducing the efforts that is the transaction costs. The way in which the Transaction Cost Economics contributes to the choice of the most efficient governance mode may be synthesized in a model which is the core of this paper. The paper also emphasizes the contribution of the main authors in Transaction Cost Economics.

  • Issue Year: XXXVI/2008
  • Issue No: 5
  • Page Count: 7
  • Language: English