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

Autores UPV
Año
Revista SERVICE BUSINESS. AN INTERNATIONAL JOURNAL

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. © 2011 Springer-Verlag.