Read complete books and articles on: Transaction Cost Economics

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16 of the Best Books and Articles on: Transaction Cost Economics

as selected by Questia librarians

1.

Firms, Markets, and Hierarchies: The Transaction Cost Economics Perspective » Read Now
by Glenn R. Carroll, David J. Teece. 544 pgs.

Collections: Entire Library

This book examines transaction cost economics, the influential theoretical perspective on organizations and industry that was the subject of Oliver Williamson's seminal book,Markets and Hierarchies (1975). Written by leading economists, sociologists, and political scientists, the essays collected...
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This book examines transaction cost economics, the influential theoretical perspective on organizations and industry that was the subject of Oliver Williamson's seminal book,Markets and Hierarchies (1975). Written by leading economists, sociologists, and political scientists, the essays collected here reflect the fruitful intellectual exchange that is occurring across the major social science disciplines. They examine transaction cost economics' general conceptual orientation, its specific theoretical propositions, its applications to policy, and its use in systematic empirical research. The chapters include classic texts, broad review essays, reflective commentaries, and several new contributions to a wide range of topics, including organizations, regulations and law, institutions, strategic management, game theory, entrepreneurship, innovation, finance, and technical information. The book begins with an overview of theory and research on transaction cost economics, highlighting the specific accomplishments of scholars working within the perspective and emphasizing the enormous influence that transaction cost reasoning exerts on the social sciences. The following section covers conceptual uses for the transaction cost framework and major theoretical or methodological elements within it, such as bounded rationality. While advancing some interesting theoretical propositions, these chapters are in fact more ambitious: each examines a specific field, area, or research program and attempts to fashion a new way of thinking about research questions. In the section on industrial applications, contributors study the application of transaction cost theory to a range of problems in utilities, telecommunications, laser printing, and early international trade. The book closes with four microanalytical chapters that delve into the structures and behaviors of specific aspects of firms and organizations: boards of directors, equity structures, employment models, human resource policies and practices, technology strategies, and innovation events. Firms, Markets, and Hierarchies collects excellent social science work on transaction cost economics, taking stock of its status, charting its future development, and fostering its renewal and evolution.
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2.

The Nature of Transition Cost Economics, in Journal of Economic Issues » Read Now
by Stephen Pratten. 23 pgs.

Collections: Philosophy, Entire Library

...emergence and development of Transaction Cost Economics (henceforth TCE) and New...need to operationalize transaction cost economics is suggestive of a...
3.

Firms, Organizations and Contracts: A Reader in Industrial Organization (Chap. 6 "Transaction-Cost Economics: The Governance of Contractual Relations") » Read Now
by Peter J. Buckley, Jonathan Michie. 482 pgs.

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What is a firm? Why do firms exist? How is production and administration best co-ordinated? What are the reasons for vertical integration? And disintegration? Is there a conflict between establishing and developing long-term relationships on the one hand, and the operation of free market competition...
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What is a firm? Why do firms exist? How is production and administration best co-ordinated? What are the reasons for vertical integration? And disintegration? Is there a conflict between establishing and developing long-term relationships on the one hand, and the operation of free market competition on the other? Is there a choice between markets and hierarchies? What about networks and clans? These questions continue to be explored with economics, management, sociology and other related disciplines. Firms, Organizations and Contracts brings together the best inter-disciplinary analysis of the topic, and contains classic contributions and material not normally seen by those outside their own particular disciplines. It combines pioneer articles with more recent discussions of an area attracting growing attention amongst those studying industrial organization--whether on courses in economics, management, strategy, organization, law, or public administration. The volume includes Coase's initial enquiry into `The Nature of the Firm' and Ouchi's analysis of `Markets, bureaucracies and clans' Kaldor's questioning of `The Nature of the Firm' and Dore's discussion of `Goodwill and the spirit of market capitalism'. This book will be an invaluable tool for students in economics, management and sociology. In view of the growing use of contracts within the public sector, and within the private regulated sector, the book also sets out some of the key issues of concern to policy makers and public sector strategists.
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4.

Technology, Organization, and Competitiveness: Perspectives on Industrial and Corporate Change ("Transaction Cost Economics and Organization Theory" by Oliver E. Williamson begins on p. 17) » Read Now
by Giovanni Dosi, David J. Teece, Josef Chytry. 350 pgs.

Collections: Entire Library

This book brings together the work of leading international thinkers working in the overlapping areas of economics, organization studies, business history, corporate strategy, and innovation. There is a growing awareness that the perspectives of a single discipline are unable to capture and explain...
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This book brings together the work of leading international thinkers working in the overlapping areas of economics, organization studies, business history, corporate strategy, and innovation. There is a growing awareness that the perspectives of a single discipline are unable to capture and explain the complexities and dynamics of firm behaviour, organizational structure, and corporate strategy. All the chapters in this book are drawn from the pioneering journal Industrial and Corporate Change opening up the inter-disciplinary coverage of the journal to a wider readership. Here readers will find extensive and original contributions from economists Oliver Williamson, Richard Nelson, and Martin Fransman; sociology and organization theorists Mark Granovetter and Gary Hamilton; business historians William Lazonick and Jonathan West; innovation scholars Parimal Patel, Keith Pavitt, and Giovanni Dosi; and business strategists David Teece and Gary Pisano. This book will be vital reading for all those who want to get to grips with the best of current international thinking on the dynamic interplay of technology, organization, and competition.
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5.

Underground Economics: A Decade of Institutionalist Dissent (Chap. 12 "The Transaction-Cost Analysis of Oliver E. Williamson: A New Synthesis?") » Read Now
by William M. Dugger. 372 pgs.

Collections: Entire Library

...Differences between Institutional and Neoclassical Economics 74 11 Two Twists in Economic Methodology...Positivism and Subjectivism 82 12 The Transaction-Cost Analysis of...
6.

Transaction Cost Theories of Business Enterprise from Williamson and Veblen: Convergence, Divergence, and Some Evidence, in Journal of Economic Issues » Read Now
by Janet T. Knoedler. 11 pgs.

Collections: Philosophy, Entire Library

...and Theoretical Economics 140 (March 1984...William M. "The Transaction Cost Analysis of Oliver...114-119. --. "Transaction Cost Economics. In Handbook of...Publications...
7.

Transaction Cost Theories of Business Enterprise from Williamson and Veblen: Convergence, Divergence, and Some Evidence, in Journal of Economic Issues » Read Now
by Janet T. Knoedler. 11 pgs.

Collections: Entire Library

...and Theoretical Economics 140 (March 1984...William M. "The Transaction Cost Analysis of Oliver...114-119. --. "Transaction Cost Economics. In Handbook of...Publications...
8.

Sovereignty in Transaction Cost Economics: John R. Commons and Oliver E. Williamson, in Journal of Economic Issues » Read Now
by William M. Dugger. 6 pgs.

Collections: Entire Library

...Sovereignty in transaction cost economics: John R. Commons and Oliver...developed by the founder of transaction cost economics, John R. Commons, and as...Sharpe, 1992...
9.

An Entrepreneurial Theory of the Firm (Chap. 1 "The Economics of the Firm, the Market Theory Problem and Transaction Cost Economics") » Read Now
by Frédéric E. Sautet. 182 pgs.

Collections: Entire Library

This text makes a comprehensive enquiry into the nature of the relationship that exists between firms and markets, with separate, in-depth explorations of the issues of both the existence and inner organizations of the firm.
10.

Resources, Firms, and Strategies: A Reader in the Resource-Based Perspective (Chap. 20 "Transaction-Cost Economics in Real Time") » Read Now
by Nicolai J. Foss. 382 pgs.

Collections: Entire Library

Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources to...
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Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources to product markets. Much of this change in emphasis has occurred because of the emergence of a unified and rigorous approach to strategy, often called the resource-based approach. This Reader brings together extracts from the seminal articles that created this dominant perspective in strategic management. It includes the pioneering work of Selznick, Penrose, and Chandler and more recent writing by Wernerfelt, Barney, Teece, and Prahalad and Hamel.
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11.

Is There a Role for Transaction Cost Economics If We View Firms as Complex Adaptive Systems?, in Contemporary Economic Policy » Read Now
by John Foster. 17 pgs.

Collections: Entire Library

...IS THERE A ROLE FOR TRANSACTION COST ECONOMICS IF WE VIEW FIRMS AS COMPLEX...assesses the usefulness of transaction cost economics when we view economic...complex reality...
12.

Institutional Economics at the Micro Level? What Transaction Costs Theory Could Learn from Original Institutionalism (In the Spirit of Building Bridges), in Journal of Economic Issues » Read Now
by Huascar F. Pessali, Ramon G. Fernande. 12 pgs.

Collections: Entire Library

...are underdeveloped in the transaction cost economics set-up), the institutional...1950. Dietrich, Michael. Transaction Cost Economics and Beyond: Towards a New...13-38...
13.

The Economics of Contracts: Theories and Applications (Chap. 5 "Entrepreneurship, Transaction-Cost Economics, and the Design of Contracts") » Read Now
by Eric Brousseau, Jean-Michel Glachant. 584 pgs.

Collections: Entire Library

This is a comprehensive and up-to-date synthesis of the economic analysis of contracts written by a specially commissioned team of leading international scholars. The book offers a well structured analysis of theoretical developments, the diverse fields of applications, the methodologies in use, and...
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This is a comprehensive and up-to-date synthesis of the economic analysis of contracts written by a specially commissioned team of leading international scholars. The book offers a well structured analysis of theoretical developments, the diverse fields of applications, the methodologies in use, and the policy implications at both firm and state level. It offers a unique combination of theoretical and applied economics along with insights from law and management sciences. The volume is designed to appeal to scholars, graduate students and practitioners in economics, management and law.
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14.

Technological Resources and the Logic of Corporate Diversification (Discussion of transaction cost economics begins on p. 8) » Read Now
by Brian S. Silverman. 132 pgs.

Collections: Entire Library

In this authoritative text, Brian Silverman applies and extends the resource-based view of the firm to explain and predict the strategy of corporate diversification.
15.

Is a Transaction a Transaction?, in Journal of Economic Issues » Read Now
by Yngve Ramstad. 13 pgs.

Collections: Entire Library

...that Williamsons transaction cost economics cannot be grafted...it appears that transaction cost economics cannot be grafted...neoclassical institutional economics." But...
16.

The Uncertain Foundations of Transaction Costs Economics, in Journal of Economic Issues » Read Now
by Gary Slater, David A. Spencer. 28 pgs.

Collections: Entire Library

...by which he means that "transaction cost economics subscribes to and works...unavoidably incomplete. But transaction cost economics then makes a further move...big...