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Was Oliver E. Williamson's the only one to work on transaction cost economics?
Yes
No, there are other contributors
According to the official record, yes
No, he adopted someone else's theory
Answer
Oliver E. Williamson is a well-known economist who developed Theory of transaction cost economics. However, he was not the only one to work on this theory. Other contributors include Ronald Coase, Douglass North, and Herbert Simon. These economists all contributed to the development of transaction cost economics by studying the costs associated with different types of transactions.
Discovering the Economics Legacy: The Oliver E. Williamson Quiz
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