This timely book presents practical applications of modern economic theories to trade, transaction costs and institutions within both business and governmental

This era of globalization is characterized by an ongoing international fragmentation of production where the supply chain is split up in more and more parts. Th

All organizations, institutions, business processes, markets and strategies have one aim in common: the reduction of transaction costs. This aim is pursued rele

Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in con