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