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A comment on The Nature of the Firm (1937). Parent comment

Re:The Nature of the Firm (1937) by Animats on Friday May 13, 2022 @04:19PM (#31372128)
Yes. The transaction cost includes both trust for this transaction, and trust for future transactions. Supply chain issues are much more of a concern today than two years ago.
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Re:The Nature of the Firm (1937) by pineconewarrior on Friday May 13, 2022 @06:17PM (#31373107)
I was thinking the same. Leverage and trust as a mechanism of "sunk cost" on both parties.
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