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Oliver E. Williamson Quote

The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.

Oliver E. Williamson

The transaction cost approach maintains that some projects are easy to finance by debt and ought to be financed by debt. These are projects for which physical-asset specificity is low to moderate.

Tags: easy, cost, debt

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About Oliver E. Williamson

Oliver Eaton Williamson (September 27, 1932 – May 21, 2020) was an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom.
His contributions to transaction cost economics and the theory of the firm have been influential in the social sciences, law and economics. Williamson described his work as "a blend of soft social science and abstract economic theory".