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Develop a comprehensive model of transaction

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Reference no: EM131897200

Oliver Williamson built on Coase, Alchian, and Demsetz, and others to develop a comprehensive model of transaction cost economics. Williamson defines the critical three dimensions of transactions as:

a)Uncertainty, frequency of transactions, and asset specificity

b)Uncertainty, volume or value, and asset specificity

c)Volume or value, rate of recurrence, and uncertainty

Reference no: EM131897200

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