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

Tags: #Easy, #Debt, #Cost, #OliverEWilliamson, #American, #Economist

Mini who’s who:

Oliver E. Williamson : American Economist
Born:  September 27, 1932

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