Epilogue: Popperian Perspectives on Transaction Cost Economics and Future Directions of Empirical Research

Robert Dahlstrom and Arne Nygaard

Journal of Retailing, 2010, vol. 86, issue 3, 284-290

Abstract: The 2009 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel Prize to Oliver Williamson was not a surprise to scholars in business research. Transaction cost economics (TCE) has been among the most important streams of empirical investigation in business research during the last four decades. TCE has formed, developed and changed business research across disciplines during this era. Williamson, (1999:1092) himself noted that “I have no hesitation, however, in declaring that transaction cost economics is an empirical success story.” The Nobel Prize is a milestone event in business research, and the use of the criterion of falsification in this essay provides a compass to navigate future efforts. We present potential avenues of TCE research based on a Popperian lens focused on research discussed throughout this milestone issue of the Journal of Retailing.

Keywords: Business research; Transaction cost economics; Nobel Prize in economics; Popper; Falsification; TCA; TCE (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jouret:v:86:y:2010:i:3:p:284-290

DOI: 10.1016/j.jretai.2010.07.010

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