The main theme of this thesis is that the general logic of Transaction Cost Economics TCE) is receptive to refinement, allowing a disaggregation of the hybrid and hierarchical modes of governance. It is argued that such a disaggregation is useful for two main reasons:
(1) it may increase the accuracy of TCE’s predictions and may improve the expressiveness of its style of explanation, and
(2) it may enlarge the conceptual scope of TCE, opening up problem areas that previously did not fit neatly into the realm of this approach.
