Transaction Cost Economics
Edited by Claude Ménard, Professor of Economics, University of Paris (Panthéon-Sorbonne), France
Hardback £77.00 on-line price £69.30
This important new book deals with some of the most fundamental issues of transaction cost economics. It focuses on the analysis of the internal nature and characteristics of organizations and on the subtle interactions between institutional environment and governance structures over time.
Contents: Preface 1. Hierarchies, Markets and Power in the Economy: An Economic Perspective (O.E. Williamson) 2. Internal Characteristics of Formal Organizations (C. Menard) 3. Contractual Relationships Within the Firm (J.-P. Bouttes, P. Hamamdjian) 4. Privatization in Russia: What Should be a Firm? (P.L. Joskow, R. Schmalensee) 5. Illegal Markets and New Institutional Economics (M. Turvani) 6. Transaction Costs Through Time (D.C. North) Index