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Additional resources for Analysis Of Transaction Cost
This paper argues that the current markets and hierarchies 40 RM and Review of Literature on Transaction Cost framework of transaction-cost economics provides too limited a set of transactional options to account adequately for many of the organizational problems encountered in developing economies. , (1988) "Incomplete Contracts and the Theory of the Firm". Hart notes that because it is difficult to write and enforce long-term contracts, it may not be possible for contracting parties to specify within the terms of the contract all the rights being transferred over an asset.
Akerlof elaborated (1970) how uncertainty regarding the characteristics of a product might make market contracting difficult or impossible. Alchain, Armen, and Harold Demsetz, (1972) "Production, Information costs, and Economic Organization," showed how team production results in organizations characterized as the "classical firm". The problem with team production is that the activities of 36 RM and Review of Literature on Transaction Cost workers are not perfectly separable; hence, it is not free ride, on the actions of the other workers by reducing the effort they offer to the team.
3. There would be no significant difference in profitability trends in selected sample units. 4. There would be no co-relation in transaction cost and profitability. 5. There would be no significant difference in financial performance of selected sugar mills in India. 6. There is no any significant role of transaction cost on financial performance among the Indian sugar mills. Universe of Study and Sample Design : The universe of study consists of all private sector sugar mills working in India and listed in stock exchanges of India.