Applications of mainstream economic theories to the construction industry : transaction costs
The origins of transaction cost as an economic concept can be traced to Ronald Coase’s (1937) paper entitled ‘The nature of the firm’ (and his subsequent work, ‘The problem of social cost’ which came out in 1960) in which he posed the question, ‘Why does a firm emerge at all in a specialised exchan...
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| Main Authors: | , |
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| Format: | Book Chapter |
| Language: | English |
| Published: |
Edward Elgar Publishing Ltd.
2022
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| Online Access: | http://ir.unimas.my/id/eprint/38369/1/book%20chapter.pdf http://ir.unimas.my/id/eprint/38369/ https://www.elgaronline.com/view/edcoll/9781839108228/9781839108228.00016.xml |
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