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Information impactedness is a derivative condition that arises mainly because of uncertainty and opportunism, though bounded rationality is involved as well. It exists when true underlying circumstances relevant to the transaction, or related set of transactions, are known to one or more parties but cannot be costlessly discerned by or displayed for others.

— Oliver E. Williamson Oliver E. Williamson (1975)

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For those who, like myself, are inclined to be eclectic, no comprehensive commitment to one approach rather than another needs to be made. What is involved, rather, is the selection of the approach best suited to deal with the problems at hand.”

Oliver E. Williamson (1975)

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Quote text and notes from Wikiquote: Oliver E. Williamson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.