Excerpt from Interorganizational Effectiveness, Efficiency and Network Structure, Vol. 1: August, 1982Empirical studies of transaction costs have typically been carried out in the private sector (williamson 1976; Teece However, Williamson's definition of a transaction does not characterize adequately the relationships between non - profit organizations, such as those studied here. In addition to exchanging goods and services, non-profit firms frequently enter into planning arrangements (warren, Rose and Bergunder, 197a; Litwak and Hylton, which are generally forbidden to private-sector firms. Furthermore, transaction costs between non-profit firms are difficult to assess because the economic measures by which alternative governance structures can be compared (see Williamson Ouchi, 1980, p. 35) are vague. The framework of transaction cost analysis must be modified, therefore, before it can be applied to non - profit interorganizational relations.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.

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