Volume 17 (2015)
Volume 16 (2014)
Volume 15 (2013)
Volume 14 (2012)
Volume 13 (2011)
Volume 12 (2010)
Volume 11 (2009)
Most Downloaded Articles
- All politics is local, but lobbying is federal and local: the validity of LDA data by Clemens, Austin C.
- Regulation and Economic Globalization: Prospects and Limits of Private Governance by Mayer, Frederick and Gereffi, Gary
- Private Regulation in the Global Economy: A (P)Review by Büthe, Tim
- Corporate Political Donations: Investment or Agency? by Aggarwal, Rajesh K./ Meschke, Felix and Wang, Tracy Yue
Transaction Cost Economics: An Assessment of Empirical Research in the Social Sciences
1Robert E. McDonough School of Business, Georgetown University
2Duke University School of Law
Citation Information: Business and Politics. Volume 10, Issue 1, ISSN (Online) 1469-3569, DOI: 10.2202/1469-3569.1210, May 2008
- Published Online:
This paper provides a comprehensive review of the empirical literature in transaction cost economics (TCE) across multiple social science disciplines and business fields. We show how TCE has branched out from its economic roots to examine empirical phenomena in several other areas. We find TCE is increasingly being applied not only to business-related fields such as accounting, finance, marketing, and organizational theory, but also to areas outside of business including political science, law, public policy, and agriculture and health. With few exceptions, however, the use of TCE reasoning to inform empirical research in these areas is piecemeal. We find that there is considerable support of many of the central tenets of TCE, but we also observe a number of lingering theoretical and empirical issues that need to be addressed. We conclude by discussing the implications of these issues and outlining directions for future theoretical and empirical work.
Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.