Since the inception of the construct of transaction governance structure (TGS), transaction cost economics (TCE) has become an important anchor for the analysis of a wide range of economic and organizational issues. As theory of TCE advances, the perception of TGS has shifted from a polar classification (market/hierarchy) towards a continuum of market-hierarchy [17][20]. Despite the development...

Consumers’ revisit is essential for online group-buying (OGB) websites to enhance financial and nonfinancial outcomes. From the perspective of transaction cost economics (TCE), this study identifies three context-specific TCE factors, i.e., unpredictability, trust, and personalization specificity, that can directly affect consumer revisit intention. Moreover, the proposed direct effects are arg...

This article discusses the cognitive plausibility of actors or agents within transaction cost economics (TCE). Our main thesis is that, although the actors within TCE are not based on cognitive functions, a simulation model can be built in which the cognition of the actors is accounted for. In this article we want to discuss four things. In the first place we describe TCE and its actors in whic...

Transaction-specific investment and organizational performance are two core concepts in studies of transactions between firms. The existing literature has explored the effect transaction-specific on from three different theoretical perspectives: transaction cost economics (TCE), resource-based view (RBV), social exchange theory (SET). However, considerable ambiguities inconsistencies exist amon...

This research explores focal actors and their dyads, addressing sustainable collaboration in triads its relevance the agri-triads that share information along supply chains. We employ a multiple-case approach presents two through 42 interviews, observation documentaries. An abductive approach, Transaction Cost Economics (TCE), conceptually guides analytical iteration stages between theory data....

Human services, such as social supports and health care, have low contractibility; services are difficult to specify measure, manage when delivered by a third party. Services can do fail, resulting in the inefficient use of public resources potential harm clients. This article develops conceptual framing using transaction cost economics (TCE) theory understand why human contract, management con...

Sixty-five years ago, Ronald Coase (1937) asked what determines whether production will be organized in a firm or through the market, later coined the "make-or-buy" decision. This question was put center stage by Oliver Williamson (1975, 1985) who further developed transaction-costs economics (TCE), arguing that incomplete contracts and specific relationships overshadowed by opportunism, asymme...

The agriculture is traditional risky business, but in transition countries agricultural producers should face some additional difficulties. The agri-food chains are still suffering from underdeveloped market institutions creating severe barriers for price discovery and high transaction costs to co-ordinate market exchanges. Co-operatives are usually neglected as a possible governance structure ...