The Invisible Hand of Transaction Costs: Shaping the Virtual and Augmented Reality Landscape
In the rapidly evolving realm of virtual and augmented reality (VR/AR), the principles of Transaction Cost Theory (TCT) have emerged as unexpected yet powerful forces shaping the development, adoption, and future trajectory of these technologies. This article delves into how seminal quotes about TCT have found new relevance in the context of VR/AR, exploring their…