http://organizationsandmarkets.com/2007/01/05/agency-costs-in-corporations/ Economics of organizations, strategy, entrepreneurship, innovation, and more Sun, 12 Feb 2012 08:11:55 +0000 hourly 1 http://wordpress.com/ http://organizationsandmarkets.com/2007/01/05/agency-costs-in-corporations/#comment-9751 Fri, 05 Jan 2007 20:26:39 +0000 http://organizationsandmarkets.com/2007/01/05/agency-costs-in-corporations/#comment-9751 As this cartoon illustrates, transaction costs inside the firm may be just as large as transaction costs with outsiders. This is why those who define transaction costs to include only costs of dealing with outsiders are frittering away the core of Ronald Coase’s insight.

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