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Transaction Cost Economics |
Edited by Oliver E. Williamson, Edgar F. Kaiser Professor of Business Administration, University of California, Berkeley, US and 2009 Winner of the Nobel Prize in Economics for Studies of Economic Governance and Scott E. Masten, Professor of Business Economics and Public Policy, University of Michigan, Ann Arbor, US
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| 1995 |
1,392 pp |
Hardback |
978 1 85278 952 7 |
£350.00 |
on-line discount
£315.00 |
Two volume set |
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‘The individual items included are all worthy, and the brief introductons provided to each volume are useful guides. The collection is clearly worthwhile as a place to send students to begin, or as a handy reference source.’
– Malcom Rutherford, Journal of Institutional and Theoretical Economics
Transaction cost economics began to take shape about 25 years ago. Although 25 years is comparatively young in the analytical scheme of things, numerous applications have been made and more are in prospect. Originally this work was intended to comprise of only one volume – it has however, evolved into two. Volume I deals with theory and concepts and volume II deals with applications and policy.
This important two volume set contains a selection of key articles on transaction cost economics by distinguished scholars including Ronald Coase, Herbert Simon, Kenneth Arrow and Richard A. Posner. As well as addressing key areas such as private ordering and credibility, contracts and organization, internal organization, vertical integration and contracting, the editors have each compiled a new introduction to accompany the set.
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49 articles dating from 1964 to 1993
Contents: Volume I: Introduction Part I: Classics Part II: Rudiments Part III: Private Ordering and Credibility Part IV: Contracts and Organization Part V: Internal Organization Part VI: Prospects and Retrospective Index • Volume II: Part I: Vertical Integration Part II: Contracting Part III: Regulation and Positive Political Economy Part IV: Antitrust Index
Contributors: A.A. Alchian, K. Arrow, R.H. Coase, H. Demsetz, S.J. Grossman, O. Hart, B. Klein, D.M. Kreps, R.A. Posner, G. L. Priest, H.A. Simon
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This book is volume 54 in the The International Library of Critical Writings in Economics series. To view the rest of the series, please use the link.
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The International Library of Critical Writings in Economics series books 
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Table of Contents
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