The Economic Institutions of Capitalism: Firms, Markets, Relational ContractingThis long-awaited sequel to the modem classic Markets and Hierarchies develops and extends Williamson's innovative use of transaction cost economics as an approach to studying economic organization by applying it to work and labor as well as the corporation itself. In addition, Williamson explores its growing implications for public policy, including its potential influence on antitrust and merger guidelines, labor policy, and SEC and public utility regulations. |
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Table des matières
The Governance of Contractual Relations 1 Contracting Traditions | 1 |
Efficient Governance | 2 |
Uncertainty | 3 |
Droits d'auteur | |
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Autres éditions - Tout afficher
The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting Oliver E. Williamson Affichage d'extraits - 1987 |
The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting Oliver E. Williamson Affichage d'extraits - 1985 |
Expressions et termes fréquents
adaptations advantages agreement alternative appear applies approach argument arise assessment asset specificity associated Assume attributes behavior benefits bidding bilateral buyer capital Chapter common comparative competition complex concerned condition consider continuity contract corporation deal decision demand described developed differences discussed distribution economic organization effect efficiency efforts evidently examined example exchange favor firm franchise given governance governance structures hazards human important incentives industry institutional interest internal investments issues kind labor less limited maintains matters modes monopoly nature needs observed operating opportunism ordering organizational original ownership parties performance posed possibility presumably problems question rationality realized reason reference regarded relation relevant respects responsible result rules serve stage strategic structure successive supplier supply sure theory tion trading transaction cost economics uncertainty United vertical integration workers