Firms, Organizations and Contracts: A Reader in Industrial Organization

By Peter J. Buckley; Jonathan Michie | Go to book overview

Other questions may be asked, for example, of Western corporations that seem anxious to co-operate with the Japanese. Are they really interested in long-term collaboration in the development of leading edge technologies, or is it their hope that token research collaboration with the Japanese can open the door to short term cartel-like restrictions on international trade? Do Western collaborators really hope to learn something of a co-operative ethic, and perhaps even a new system of values, from the Japanese, or are they merely interested in co-operation as a mask to disguise the replacement of competition by collusion?

There do not seem to be any easy answers to these questions. More empirical evidence is required. It is hoped that the analysis presented here affords a framework within which such evidence can be interpreted. So far, it is possible only to clarify the questions, but eventually it should be possible to answer them.


References

Casson M. C. ( 1987), The Firm and the Market: Studies on Multinational Enterprise and the Scope of the Firm ( Cambridge, Mass.: MIT Press).

Contractor. F. J., and Lorange P. (eds.) ( 1988), Co-operative Strategies in International Business ( Lexington, Mass.: Lexington Books, D. C. Heath).

Harrigan K. R. ( 1985), Strategies for Joint Ventures ( Lexington, Mass.: Lexington Books, D. C. Heath).

Hladik K. J. ( 1985), International Joint Ventures: An Economic Analysis of US-Foreign Business Partnerships ( Lexington, Mass.: Lexington Books, D. C. Heath).

Hull F., Slowinski G., Wharton T., and Azumi K. ( 1988), "'Strategic Partnerships between Technological Entrepreneurs in the United States and Large Corporations in Japan and the United States'", in Contractor and Lorange ( 1988), 445-56.

Killing J. P. ( 1983), Strategies for Joint Venture Success ( New York: Prager).

Klein B., Crawford R. G., and Alchian A. ( 1978), "'Vertical Integration, Appropriable Rents and Competitive Contracting Process'", Journal of Law and Economics, 21: 297-320.

Kogut B. ( 1988), "'A Study of the Life Cycle of Joint Ventures'" in Contractor and Lorange ( 1988), 169-86.

Mirus R., and Yeung B. ( 1986), "'Economic Incentives for Counter-trade'", Journal of International Business Studies, 17( 3): 27-39.

Pucik V. ( 1988), "'White Collar Human Resource Management in Large Japanese Manufacturing Firms'", Human Resource Management, 23( 3): 257-76.

Williamson O. E. ( 1975), Markets and Hierarchies: Analysis and Anti-Trust Implications ( New York: Free Press).

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Firms, Organizations and Contracts: A Reader in Industrial Organization
Table of contents

Table of contents

  • Title Page iii
  • Preface and Acknowledgements v
  • Acknowledgements vi
  • Contents viii
  • List of Contributors xi
  • Foreword xiii
  • Introduction and Overview 1
  • Notes 18
  • References 20
  • I. THEORY OF THE FIRM 21
  • 1: The Equilibrium of the Firm 23
  • 2: The Nature of the Firm 40
  • 3: The Organization of Industry 59
  • 4: Production, Information Costs, and Economic Organization 75
  • Summary 95
  • Notes 96
  • References 102
  • 5: Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure 103
  • Conclusions 151
  • Notes 151
  • References 163
  • 6: Transaction-Cost Economics: The Governance of Contractual Relations 168
  • Conclusion 192
  • 7: An Economist's Perspective on the Theory of the Firm 199
  • Conclusion 212
  • Notes 212
  • II. MARKETS AND INDUSTRIAL ORGANIZATION 219
  • 8: Corporate Culture and Economic Theory 221
  • Introduction 221
  • Conclusion 261
  • Appendix 262
  • Appendix 271
  • Appendix 273
  • References 274
  • 9: Co-operative Agreements and the Organization of Industry 276
  • References 292
  • 10: Interpenetration of Organization and Market: Japan's Firm and Market in Comparison with the US 293
  • Conclusion 317
  • References 319
  • 11: Vertical Quasi-Integration 320
  • Conclusions 336
  • Notes 337
  • 12: Non-Contractual Relations In Business: A Preliminary Study 339
  • 13: Goodwill and the Spirit of Market Capitalism 359
  • III. JOINT VENTURES, NETWORKS, AND] CLANS 383
  • III. JOINT VENTURES, NETWORKS, AND] CLANS 385
  • References 407
  • 15: Joint Ventures 410
  • Conclusion 427
  • References 428
  • 16: Organizations: New Concepts for New Forms 429
  • Conclusion 440
  • Notes 441
  • 17: Markets, Bureaucracies, and Clans 442
  • References 456
  • Notes 459
  • References 473
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