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The transaction cost economics project : the theory and practice of the governance of contractual relations

Author: Oliver E Williamson
Publisher: Cheltenham, UK ; Northampton, MA : Edward Elgar, [2013] ©2013
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
'As recognized by the Economics Sciences Prize Committee in awarding the 2009 Nobel Memorial Prize in Economics, Oliver Williamson altered irreversibly the way we approach and analyze organization. But such is the depth of Williamson insights that often his contributions can only be fully appreciated in the context of real world organizational phenomena. It is thus not uncommon that, after struggling with some  Read more...
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Document Type: Book
All Authors / Contributors: Oliver E Williamson
ISBN: 9780857938756 0857938754 9780857938770 0857938770
OCLC Number: 818451013
Notes: Reprint of articles and book chapters, with introduction.
Description: xxiv, 417 pages : illustrations ; 25 cm
Contents: Part I. Theory and concepts. 1. Hierarchies and Markets --
2. The Vertical Integration of Production : Market Failure Considerations --
3. Transaction Cost Economics : The Governance of Contractual Relations --
4. Credible Commitments : Using Hostages to Support Exchange --
5. Comparative Economic Organization : The Analysis of Discrete Structural Alternatives --
6. The Limits of Firms : Incentive and Bureaucratic Features --
7. Strategizing, Economizing, and Economic Organization --
Part II. Public policy. 8. Franchise Bidding for Natural Monopolies : in General and with Respect to CATV --
9. Opening the Black Box of Firm and Market Organization : Antitrust --10. Corporate Finance and Corporate Governance --
11. Corporate Boards of Directors : in Principle and in Practice --
Part III. Interdisciplinary social science. 12. Transaction Cost Economics and Organization Theory --
13. Calculativeness, Trust, and Economic Organization --
14. Why Law, Economics, and Organization? --
Part IV. Perspectives. 15. Pragmatic Methodology : a Sketch, with Applications to Transaction Cost Economics --
16. Transaction Cost Economics : the Natural Progression.
Responsibility: Oliver E. Williamson.

Abstract:

Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of  Read more...

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`The presence of transaction costs greatly modifies the traditional picture of the allocation of resources through the market. It gives rise to many phenomena inexplicable in the simple market view Read more...

 
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