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• W1968117629 abstract "According to the folk history of transaction costs, the concept is due to a seminal article by Ronald H. Coase, written in the 1930s. Failing to provide an operational framework, Coase's article was neglected for a long time, or so the story continues. In the 1970s, after the limits of the Arrow-Debreu paradigm had become obvious, several authors, including Oliver E. Williamson, Kenneth J. Arrow, Armen A. Alchian, and Harold Demsetz, took up the notion of transaction costs and turned it into a useful analytical tool. Partly responsible for this sudden upsurge of interest was an article by Coase in which he allegedly proposed the now famous “Coase Theorem.”" @default.
• W1968117629 created "2016-06-24" @default.
• W1968117629 creator A5073119781 @default.
• W1968117629 date "2000-06-01" @default.
• W1968117629 modified "2023-09-25" @default.
• W1968117629 title "The History of the Concept of Transaction Costs: Neglected Aspects" @default.
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• W1968117629 doi "https://doi.org/10.1080/10427710050025411" @default.
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