Of Transaction Cost Governance The Economics Contractual
transaction cost economicscontractual governanceorganizational economicsgovernance mechanismseconomic contracts
This exploration delves into the intricate relationship between transaction costs, governance structures, and contractual arrangements, focusing on the economic principles that shape effective oversight. It examines how various contractual forms are designed and implemented to minimize friction and optimize outcomes within economic exchanges, providing a foundational understanding of institutional design and market efficiency.