The Theory Of Transaction In Institutional Economics

Author : Massimiliano Vatiero
Publisher : Routledge
ISBN 13 : 0429514654
Total Pages : 0 pages
Book Rating : 4.54/5 ( download)

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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.

Author : Massimiliano Vatiero
Publisher : Routledge
ISBN 13 : 9780367530303
Total Pages : 0 pages
Book Rating : 4.09/5 ( download)

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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.

Author : Eirik Grundtvig Furubotn
Publisher : University of Michigan Press
ISBN 13 : 9780472086801
Total Pages : 576 pages
Book Rating : 4.04/5 ( download)

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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.

Author : Eirik G. Furubotn
Publisher : University of Michigan Press
ISBN 13 : 9780472030255
Total Pages : 676 pages
Book Rating : 4.56/5 ( download)

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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.

Author : Glenn R. Carroll
Publisher : Oxford University Press
ISBN 13 : 0195353196
Total Pages : 561 pages
Book Rating : 4.98/5 ( download)

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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.

Author : Douglass Cecil North
Publisher : Ics Press
ISBN 13 : 9781558152113
Total Pages : 32 pages
Book Rating : 4.13/5 ( download)

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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:

Author : Douglass C. North
Publisher : Cambridge University Press
ISBN 13 : 9780521397346
Total Pages : 164 pages
Book Rating : 4.40/5 ( download)

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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.

Author : P. Rao
Publisher : Springer
ISBN 13 : 0230597688
Total Pages : 197 pages
Book Rating : 4.86/5 ( download)

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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.

Author : Ménard, Claude
Publisher : Edward Elgar Publishing
ISBN 13 : 1789904498
Total Pages : 200 pages
Book Rating : 4.99/5 ( download)

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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?

Author : Oliver E. Williamson
Publisher : Edward Elgar Publishing
ISBN 13 : 9780857938770
Total Pages : 0 pages
Book Rating : 4.70/5 ( download)

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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.