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Basic Predictions of Transaction Cost Economics

Description

In this video, Professor Brian Silverman at the Rotman School of Management will present the basic predictions generated by Transaction Cost Economics. He will first discuss the Make vs. Buy decision and will then explore other settings, such as corporate diversification, multinational expansion, and alliances.

References

Teece, David J. (1980). Economies of scope and the scope of the enterprise. Journal of Economic Behavior and Organization 1(3): 223-247.

Brian Silverman, Professor of Strategic Management and the J.R.S. Prichard and Ann Wilson Chair in Management, Rotman School of Management, University of Toronto

Brian Silverman is Professor of Strategic Management and the J.R.S. Prichard and Ann Wilson Chair in Management at the University of Toronto’s Rotman School of Management. Brian's research focuses on the ways in which firms' competitive strategies an (read more ...)