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The mechanisms of governance

Author: Oliver E Williamson
Publisher: New York : Oxford University Press, ©1996.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
This book brings together in one place the work of one of our most respected economic theorists, on a field in which he has played a large part in originating: the New Institutional Economics. Transaction cost economics, which studies the governance of contractual relations, is the branch of the New Institutional Economics with which Oliver Williamson is especially associated. Transaction cost economics takes issue
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Oliver E Williamson
ISBN: 0195078241 9780195078244 9780195132601 0195132602
OCLC Number: 32166380
Description: xii, 429 pages : illustrations ; 24 cm
Contents: Prologue: The Mechanisms of Governance --
1. Transaction Cost Economics and the Carnegie Connection --
2. Chester Barnard and the Incipient Science of Organization --
3. Transaction Cost Economics --
4. Comparative Economic Organization: The Analysis of Discrete Structural Alternatives --
5. Credible Commitments: Using Hostages to Support Exchange --
6. Economic Institutions: Spontaneous and Intentional Governance --
7. Corporate Finance and Corporate Governance --
8. The Politics and Economics of Redistribution and Inefficiency --
9. Transaction Cost Economics and Organization Theory --
10. Calculativeness, Trust, and Economic Organization --
11. Delimiting Antitrust --
12. Strategizing, Economizing, and Economic Organization --
13. The Institutions and Governance of Economic Development and Reform --
14. Transaction Cost Economics and the Evolving Science of Organization.
Responsibility: Oliver E. Williamson.
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Offering a new economic perspective to organizational studies, this work shows that decision-makers in firms respond to economic factors that affect both the structure of the individual firm and the  Read more...

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These papers have been slightly modified and linking passages have been added to them to impose a sort of unity on them. The book is therefore an extremely convenient collection on the overall Read more...

 
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    schema:description "This book brings together in one place the work of one of our most respected economic theorists, on a field in which he has played a large part in originating: the New Institutional Economics. Transaction cost economics, which studies the governance of contractual relations, is the branch of the New Institutional Economics with which Oliver Williamson is especially associated. Transaction cost economics takes issue with one of the fundamental building blocks in microeconomics: the theory of the firm. Whereas orthodox economics describes the firm in technological terms, as a production function, transaction cost economics describes the firm in organizational terms, as a governance structure. Alternative feasible forms of organization - firms, markets, hybrids, bureaus - are examined comparatively. The analytical action resides in the details of transactions and the mechanisms of governance."@en ;
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