Étiqueté : transaction costs

Opening the upstream oil industry to private companies. An analysis based on transaction cost economics

By drawing on transaction cost theory, this article identifies the coordination problems and contractual hazards resulting from transaction and contributes to a better understanding of the different roles of an NOC in the governance of transaction…

Transaction costs of low-carbon technologies and policies : the diverging literature

Transaction costs are major challenge to moving forward toward low-carbon economic growth, as new technologies or policies tend to have higher transaction costs compared with those in the business as usual situation. However, neither a well-developed theoretical foundation nor a consensus interpretation is available for those transaction costs in the existing literature…

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