Okay, here is the translation following your instructions: Transaction cost economics

Author: Michael T. Tschirhart, translated by Wang Tiesheng and Ge Licheng
Publisher:
Publish Date: 2000-01-01
Features: "The Economics of Transaction Costs" is a book specifically dedicated to discussing transaction costs, and its theoretical perspectives offer new breakthroughs in explaining the reasons for transaction costs. Another representative of new institutional economics, Oliver Williamson, analyzed the reasons for transaction costs from a different angle, also presenting new breakthroughs. Another representative of new institutional economics, Oliver Williamson, analyzed the reasons for transaction costs from another perspective. The Economics of Transaction Costs has already begun to dominate discussions on the nature of the firm. Starting with an overview of transaction costs, this book examines the strengths and weaknesses of Oliver Williamson's method for explaining the development of multinational corporations. Due to its relatively static methodology, the Economics of Transaction Costs is completely powerless in explaining the dynamic aspects of corporate behavior. However, Michael Tschirhart does not dismiss the entire method because of this; instead, he explores ways to expand the theory and enhance its explanatory power.