TY - UNPB
T1 - Who needs the assumption of opportunistic behavior? Transaction cost economics does not!
AU - Koch, Carsten Allan
PY - 2000
Y1 - 2000
N2 - The assumption of opportunistic behavior, familiar from transaction cost economics, has been and remains highly controversial. But opportunistic behavior, albeit undoubtedly an extremely important form of motivation, is not a necessary condition for the contractual problems studied by transaction cost economics to occur. A broader category of motivation, inappropriate motivation, which is such a necessary condition, is presented and discussed, and a number of implications are presented.
AB - The assumption of opportunistic behavior, familiar from transaction cost economics, has been and remains highly controversial. But opportunistic behavior, albeit undoubtedly an extremely important form of motivation, is not a necessary condition for the contractual problems studied by transaction cost economics to occur. A broader category of motivation, inappropriate motivation, which is such a necessary condition, is presented and discussed, and a number of implications are presented.
KW - Transaction cost economics
KW - TCE
KW - Opportunistic behavior
KW - Altruism
KW - self-interest
KW - motivation
KW - Oliver E. Williamson
KW - Institutional theory
M3 - Working paper
BT - Who needs the assumption of opportunistic behavior? Transaction cost economics does not!
ER -