Opportunism, organizational economics and the network approach

Nicolai Foss () and Carsten A. Koch

Scandinavian Journal of Management, 1996, vol. 12, issue 2, 189-205

Abstract: This article discusses the concept of opportunism, familiar from Williamsonian transaction cost economics, and its role in business studies. Various arguments for the importance and centrality of the concept are presented. The transaction cost framework is compared to the Swedish network approach. Specifically, opportunistic behavior seems to be implicitly present in the claims of network theory. The overall conclusion is that many network arguments are not in substantial conflict with transaction cost economics. And by joining forces, the approaches may provide a more comprehensive and dynamic theory of economic relationships. A number of new arguments are brought to bear on these issues.

Keywords: Transaction; cost; economics; network; approach; opportunistic; behavior (search for similar items in EconPapers)
Date: 1996
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