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The authors give a critical review and the analysis of possible implementation of Williamson's transaction cost theory. In the first part, they consider the characteristics of participants' behavior in transactions, notion of transaction, transactional costs and the warranty of contractual regulation. The main part of the work includes the dimensional analysis: uncertainty, role of fixed mobility...
China began to research the tertiary oil recovery process from the 1980s. This technology is very mature in the current, but the economic benefits for the EOR project evaluation studies are relatively less and simple, moreover, the evaluation method is single, almost all enterprises have chosen to use net present value method. But net present value method ignores the flexibility which is managed by...
Technology assets play a crucial role in enabling the competitiveness of companies in most industries. In this paper, we firstly attempt to clearly identify the types of the technological intangible assets that a company must acquire and apply in order to be successful in the marketplace. According to the analytical framework for assets specificity theory, a contract model is proposed to study the...
Ideology is a social being reflected, is also an important informal institution. Based on the theories reviewed of Transaction Costs, reveals the technical performance of ideology, as well as the entrepreneur human capital formation mechanism, explains the problems of Human Capital Investment in different historical stages.
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