1426: Expanding the Behavioral Assumptions and Empirical Approaches in Transaction Cost Economics (10418)

Presenter(s)

• JN

  Jack Nickerson

  Wash U. and MBS, United States
• BR

  Beverly Rich

  U. of Utah
• ZX

  Zhe Xing

  Santa Clara U., United States

Organizer(s)

• JK

  Jessica Jeesoo Kim

  U. of California, Irvine, United States

Presenter(s)

• AB

  Akhil Bhardwaj

  School of Management, U. of Bath, UK, United Kingdom

This symposium embarks on a critical examination of Transaction Cost Economics (TCE) amidst the backdrop of rapid technological changes such as AI advancements. It reconsiders the applicability of TCE in today's digital landscape, acknowledging its significance in the context of increased asset specificity in transactions. The symposium seeks to extend TCE's traditional boundaries, exploring how the inclusion of cognitive and motivational aspects can revitalize its theoretical constructs. Key discussions will revolve around redefining TCE’s perspectives on bounded rationality, opportunism, asset specificity, and uncertainty, aiming to align them more closely with the realities of modern organizational dynamics. This symposium also highlights the necessity for methodological innovation in TCE research, advocating for a shift towards empirical methods that capture a wider array of transactional influences. By bridging the gap between theory and contemporary practice, the symposium aspires to contribute to a richer, more adaptable understanding of TCE, enhancing its relevance in the ever-evolving field of organizational studies.

Presentations:

• 11:30 – 13:00 CT (GMT-5/UTC-5)

  1426: A Strategic Approach to Reducing the Likelihood of Industrial Catastrophes (10418)
  

  Author: Akhil Bhardwaj – School of Management, U. of Bath, UK

  Author: Jack A. Nickerson – Wash U. and MBS
• 11:30 – 13:00 CT (GMT-5/UTC-5)

  1426: Incentive Vs. Insurance: Relatedness and the Role Of M&A Contracts in Public-Private Acquisitions (10418)
  

  Author: Zhe Xing – Santa Clara U.
• 11:30 – 13:00 CT (GMT-5/UTC-5)

  1426: Perception of AI Use in Contracting: An Empirical Approach (10418)
  

  Author: Beverly Rich – U. of Utah
• 11:30 – 13:00 CT (GMT-5/UTC-5)

  1426: Contractual Convergence in Alliance Portfolios: The Role of Social Comparison (10418)
  

  Author: Jessica Jeesoo Kim – U. of California, Irvine