Vertical integration in production and services: development in transaction cost economics

Marta Peris-Ortiz (), Fernando Peris Bonet and Carlos Rueda-Armengot

Service Business, 2011, vol. 5, issue 1, 87-97

Abstract: In this paper, we first establish the core, fundamental concepts of Williamson’s TCE, examining the different governance structures or the institutional alternatives that TCE theory proposes. We go on to describe some critical considerations and theoretical proposals that correspond fundamentally to Williamson’s heuristic model, the integration of incentives in organizational forms, idiosyncratic demand, and how the concept of transaction is conceived in general. Copyright Springer-Verlag 2011

Keywords: Transaction cost economics; Specific assets; Idiosyncratic demand; Vertical integration (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/s11628-011-0103-0

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