The Black Box Exposed

Thomas Nelson Tunstall

Chapter Chapter 4 in Outsourcing and Management, 2007, pp 59-87 from Palgrave Macmillan

Abstract: Abstract Transaction cost theory leads to all sorts of interesting questions about how management directs an organization. It determines what functions either get outsourced or managed in-house. Transaction cost theory particularly shines in the context of the transition from a manufacturing-dominated economy to an information-dominated one. Most or all costs associated with information can be classified as transaction costs. In fact, much of the essence of transaction costs could be defined as services or information. They must be considered a central theme in an information economy (see figure 4.1).

Keywords: Transaction Cost; Senior Management; Agency Cost; Stock Option; Department Head (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60360-8_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230603608

DOI: 10.1057/9780230603608_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().