Abstract
Associated with effects of scale, scope, experience and learning there are effects of firm size on transaction costs; in the stages of contact, contract and control. These effects are due to “threshold costs” in setting up contacts, contracts and governance schemes, and to differences with respect to the factors that cause transaction costs: bounded rationality, opportunism, uncertainty and transaction specificity of assets. Implications are considered for firm strategy and public policy.
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Nooteboom, B. Firm size effects on transaction costs. Small Bus Econ 5, 283–295 (1993). https://doi.org/10.1007/BF01516249
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DOI: https://doi.org/10.1007/BF01516249