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Signifying Williamson's Contribution to the Transaction Cost Approach: An Agent-Based Simulation of Coasean Transaction Costs and Specialization

机译:表示威廉姆森对交易成本方法的贡献:基于代理的Coasean交易成本和专业化模拟

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This article simulates Ronald Coase's transaction cost approach to firm organizing using agent-based modelling, and contextualizes and contrasts it with a division-of-labour/ specialization view of the firm that Coase challenged and sought to replace. The simulation tests the firm formation process based on the different implications of transaction costs and specialization as drivers of integration, focusing especially on Coase's rejection of specialization as an explanation for integration in the firm. The results show little support for, and suggest an important shortcoming to, Coase's transaction cost theory. My findings thereby indicate a potential relationship between the specialization theory and Williamson's Transaction Cost Economics, especially the latter's emphasis on co-specialization through relationship-specific investments, which helps shed light on TCE's significant influence in the theory of the firm literature.
机译:本文模拟了罗纳德·科斯(Ronald Coase)的交易成本方法,用于使用基于代理的模型进行公司组织,并将其与科斯所挑战并试图取代的公司的分工/专业化观点进行了语境化和对比。该模拟基于交易成本和专业化作为整合驱动因素的不同含义来测试企业组建过程,尤其关注科斯拒绝专业化作为企业整合的解释。结果表明,对Coase交易成本理论的支持不大,并提出了一个重大缺陷。因此,我的发现表明专业化理论与威廉姆森的交易成本经济学之间存在潜在的关系,尤其是后者通过基于关系的特定投资强调共同专业化,这有助于阐明传统文化表现形式在企业文学理论中的重要影响。

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