The Theory Of Transaction In Institutional Economics

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The Theory of Transaction in Institutional Economics

Author : Massimiliano Vatiero
Publisher : Routledge
ISBN 13 : 0429514654
Total Pages : 0 pages
Book Rating : 4.4/5 (295 download)

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Book Synopsis The Theory of Transaction in Institutional Economics by : Massimiliano Vatiero

Download or read book The Theory of Transaction in Institutional Economics written by Massimiliano Vatiero and published by Routledge. This book was released on 2020-07-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both Old and New Institutional Economics and on a variety of interdisciplinary sources, this monograph traces the history of the meaning of transaction in institutional economics, mapping its topicality and use over time. This manuscript treats the idea of ‘transaction’ as a construct with legal, competitive and political dimensions, and connects different approaches within institutional economics. The book covers the contributions of key thinkers from different schools, including (in alphabetical order) Ronald H. Coase, John R. Commons, Robert Lee Hale, Oliver Hart, Mancur Olson, Thorstein Veblen and Olver E. Williamson. This book will be of interest to advanced students and researchers of institutional economics, law and economics, and economics, and the history of economic thought.

The Theory of Transaction in Institutional Economics

Author : Massimiliano Vatiero
Publisher : Routledge
ISBN 13 : 9780367530303
Total Pages : 0 pages
Book Rating : 4.5/5 (33 download)

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Book Synopsis The Theory of Transaction in Institutional Economics by : Massimiliano Vatiero

Download or read book The Theory of Transaction in Institutional Economics written by Massimiliano Vatiero and published by Routledge. This book was released on 2023-09-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both mainstream and heterodox literature and a variety of interdisciplinary sources, this monograph traces the history of transaction costs in institutional economics.

Institutions and Economic Theory

Author : Eirik Grundtvig Furubotn
Publisher : University of Michigan Press
ISBN 13 : 9780472086801
Total Pages : 576 pages
Book Rating : 4.0/5 (868 download)

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Book Synopsis Institutions and Economic Theory by : Eirik Grundtvig Furubotn

Download or read book Institutions and Economic Theory written by Eirik Grundtvig Furubotn and published by University of Michigan Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.

Institutions and Economic Theory

Author : Eirik G. Furubotn
Publisher : University of Michigan Press
ISBN 13 : 9780472030255
Total Pages : 676 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis Institutions and Economic Theory by : Eirik G. Furubotn

Download or read book Institutions and Economic Theory written by Eirik G. Furubotn and published by University of Michigan Press. This book was released on 2005-10-21 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.

Transaction Costs, Institutions, and Economic Performance

Author : Douglass Cecil North
Publisher : Ics Press
ISBN 13 : 9781558152113
Total Pages : 32 pages
Book Rating : 4.1/5 (521 download)

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Book Synopsis Transaction Costs, Institutions, and Economic Performance by : Douglass Cecil North

Download or read book Transaction Costs, Institutions, and Economic Performance written by Douglass Cecil North and published by Ics Press. This book was released on 1992 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Firms, Markets and Hierarchies

Author : Glenn R. Carroll
Publisher : Oxford University Press
ISBN 13 : 0195353196
Total Pages : 561 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Firms, Markets and Hierarchies by : Glenn R. Carroll

Download or read book Firms, Markets and Hierarchies written by Glenn R. Carroll and published by Oxford University Press. This book was released on 1999-01-28 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Economics of Transaction Costs

Author : P. Rao
Publisher : Springer
ISBN 13 : 0230597688
Total Pages : 197 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis The Economics of Transaction Costs by : P. Rao

Download or read book The Economics of Transaction Costs written by P. Rao and published by Springer. This book was released on 2002-12-03 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: In modern economies a substantial proportion of resources is increasingly allocated to transaction costs. An improvement in the definition of transaction costs to include both the information role and efficiency role requires an integration of the approaches of positive economics and normative economics. In The Economics of Transaction Costs P.K.Rao provides a comprehensive analytical treatment of the subject and suggests a few directions for formal economic models.

Advanced Introduction to New Institutional Economics

Author : Ménard, Claude
Publisher : Edward Elgar Publishing
ISBN 13 : 1789904498
Total Pages : 200 pages
Book Rating : 4.7/5 (899 download)

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Book Synopsis Advanced Introduction to New Institutional Economics by : Ménard, Claude

Download or read book Advanced Introduction to New Institutional Economics written by Ménard, Claude and published by Edward Elgar Publishing. This book was released on 2022-01-14 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?

The Transaction Cost Economics Project

Author : Oliver E. Williamson
Publisher : Edward Elgar Publishing
ISBN 13 : 9780857938770
Total Pages : 0 pages
Book Rating : 4.9/5 (387 download)

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Book Synopsis The Transaction Cost Economics Project by : Oliver E. Williamson

Download or read book The Transaction Cost Economics Project written by Oliver E. Williamson and published by Edward Elgar Publishing. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of contractual phenomena that have yet to be investigated in transaction cost economics terms. New challenges are posed by the need to move beyond the design of new contractual instruments (such as financial derivatives) to include an examination of the lurking hazards that attend contract implementation.

Institutions, Institutional Change and Economic Performance

Author : Douglass C. North
Publisher : Cambridge University Press
ISBN 13 : 9780521397346
Total Pages : 164 pages
Book Rating : 4.3/5 (973 download)

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Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North

Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by Cambridge University Press. This book was released on 1990-10-26 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

Transaction Cost Economics and Beyond

Author : John Groenewegen
Publisher : Springer Science & Business Media
ISBN 13 : 9400918003
Total Pages : 387 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Transaction Cost Economics and Beyond by : John Groenewegen

Download or read book Transaction Cost Economics and Beyond written by John Groenewegen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the papers that were presented in 1994 at the conference "Transaction Cost Economics and Beyond" organized by GRASP at the Tinbergen Institute in Rotterdam. It is generally recognized that transaction cost economics (TCE) is at the heart of the new theory of the firm. It is a well established research program with a well developed theoretical framework and good results in empirical testing. However, critics consider the approach too limited to understand the essential characteristics of such complex organizations like firms. Critics plea convincingly for the need to go beyond the original TCE framework and to develop a more pluralistic approach towards issues of economic organization. The new theory of the firm can only be further developed when scholars are willing to debate the issues in an open-minded, academic way. I thank the participants of the conference very much for putting so much effort in writing their papers and for their contribution to an open and stimulating discussion. It is my wish that this book contributes to the further deve lopment of the theory of the firm and that it helps us to a better understan ding of the complexities of economic organization. I would like to thank the following organizations for their support: the Tinbergen Institute, the "Vereniging Trust Fonds" of the Erasmus University, the Faculty of Economics of the Erasmus University, and GRASP (Group for Research and Advice in Strategic management and Industrial Policy).

The New Institutional Economics

Author : Eirik Grundtvig Furubotn
Publisher : Mohr Siebeck
ISBN 13 : 9783161457647
Total Pages : 394 pages
Book Rating : 4.4/5 (576 download)

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Book Synopsis The New Institutional Economics by : Eirik Grundtvig Furubotn

Download or read book The New Institutional Economics written by Eirik Grundtvig Furubotn and published by Mohr Siebeck. This book was released on 1991 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economic Intstitutions of Capitalism

Author : Oliver E. Williamson
Publisher : Simon and Schuster
ISBN 13 : 068486374X
Total Pages : 473 pages
Book Rating : 4.6/5 (848 download)

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Book Synopsis The Economic Intstitutions of Capitalism by : Oliver E. Williamson

Download or read book The Economic Intstitutions of Capitalism written by Oliver E. Williamson and published by Simon and Schuster. This book was released on 1985 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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.

Economics as a Process

Author : Richard Langlois
Publisher : CUP Archive
ISBN 13 : 9780521378598
Total Pages : 292 pages
Book Rating : 4.3/5 (785 download)

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Book Synopsis Economics as a Process by : Richard Langlois

Download or read book Economics as a Process written by Richard Langlois and published by CUP Archive. This book was released on 1986 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of original and rev. versions of papers presented at a conference at Airlie House in Virginia, Mar. 1983. Includes bibliographies and index.

Handbook of New Institutional Economics

Author : Claude Ménard
Publisher : Springer Science & Business Media
ISBN 13 : 354069305X
Total Pages : 875 pages
Book Rating : 4.5/5 (46 download)

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Book Synopsis Handbook of New Institutional Economics by : Claude Ménard

Download or read book Handbook of New Institutional Economics written by Claude Ménard and published by Springer Science & Business Media. This book was released on 2008-06-27 with total page 875 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal institutions, political institutions, transaction cost economics, governance, contracting, institutional change, and more capture NIE's interdisciplinary nature. This Handbook will be of interest to economists, political scientists, legal scholars, management specialists, sociologists, and others wishing to learn more about this important subject and gain insight into progress made by institutionalists from other disciplines. This compendium of analyses by some of the foremost NIE specialists, including Ronald Coase, Douglass North, Elinor Ostrom, and Oliver Williamson, gives students and new researchers an introduction to the topic and offers established scholars a reference book for their research.

The Nature of the Firm

Author : Oliver E. Williamson
Publisher : Oxford University Press, USA
ISBN 13 : 9780195083569
Total Pages : 260 pages
Book Rating : 4.0/5 (835 download)

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Book Synopsis The Nature of the Firm by : Oliver E. Williamson

Download or read book The Nature of the Firm written by Oliver E. Williamson and published by Oxford University Press, USA. This book was released on 1993 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.

The Institutional Economics of Water

Author : R. Maria Saleth
Publisher : World Bank Publications
ISBN 13 : 9780821356562
Total Pages : 418 pages
Book Rating : 4.3/5 (565 download)

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Book Synopsis The Institutional Economics of Water by : R. Maria Saleth

Download or read book The Institutional Economics of Water written by R. Maria Saleth and published by World Bank Publications. This book was released on 2004-01-01 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.