Human Capital and Transaction Cost Economics

    Publikation: Working paperForskning

    524 Downloads (Pure)

    Abstract

    Human capital has often been discussed in transaction cost economics, particularly in connection with understanding the employment relation. This chapter reviews Williamson’s thinking on the issue, explains how it differs from Coase and Simon’s, and briefly discusses the relevant empirical literature. The chapter also covers property rights theory, and discusses various critique of the treatment of human capital in transaction cost economics.
    OriginalsprogEngelsk
    UdgivelsesstedFrederiksberg
    UdgiverCenter for Strategic Management and Globalization
    Antal sider26
    ISBN (Trykt)9788791815157
    StatusUdgivet - jan. 2008
    NavnSMG Working Paper
    Nummer2/2008

    Emneord

    • Human capital
    • Transaction cost economics
    • Property rights theory

    Citationsformater