The Journey from the Industrial Revolution to the Digital World: Evolution of Transaction Cost Economics

Around eighty-five years ago, the concept of transaction cost was introduced by Coase, and in the early 1980s, transaction cost theory became a part of the new institutional economics research due to the incorporation of cognitive psychology into decision-making. The reach of the digital revolution...

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Bibliographic Details
Main Authors: S. M. S. Palitha Bandara, G. C. Samaraweera, T. S. L. W. Gunawardana
Format: Article
Language:English
Published: Faculty of Management & Finance, University of Colombo 2025-06-01
Series:Colombo Business Journal
Subjects:
Online Access:https://mgmt.cmb.ac.lk/cbj/wp-content/uploads/2025/06/1.-CBJ-V16I1-Transaction-Cost-Economics.pdf
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