Erin Anderson And The Path Breaking Work Of TCE In New Areas Of Business Research: Transaction Costs In Action
This review paper synthesizes Erin Anderson's academic contribution, with an emphasis on two path breaking aspects of her work, namely the operationalization of TCA in different contexts and the refinement of the theory. The authors review the measures that she developed to reflect key TCE constructs, and identify five contexts in which Erin Anderson's application of TCE concepts broke new paths. These are employee or representative salesforces, choice of foreign entry mode, new market entry and innovation, countertrade, and ethics. The authors highlight a number of ways in which her research integrates other theories to transaction cost economics, thereby deepening the understanding of key issues involving make or buy decisions.