Assuming high transaction cost investments and uncertaintyuncertainty/complexitycomplexity, according to transaction cost economics, vertical integration should occur to protect against the threat of opportunismthreat of opportunism.

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Transaction Cost Economics Approach to Vertical Integration

  • James O. Fiet

摘要

Assuming high transaction cost investments and uncertaintyuncertainty/complexitycomplexity, according to transaction cost economics, vertical integration should occur to protect against the threat of opportunismthreat of opportunism.