`Not too long ago it was possible to be familiar with all of the
important works and latest developments in transaction cost
economics. That that is no longer the case is a testament to the
intellectual appeal and empirical success of the transaction cost
approach. For newcomers, the entries in this volume, by some of
TCE's most knowledgeable and eloquent contributors, offer an
excellent introduction to the issues, methods, discoveries, and
debates in the field; for veterans, the volume provides a highly
valuable resource for catching on newest research.' - Scott E.
Masten, University of Michigan School of Business, US Since its
emergence in the 1970s, transaction cost economics (TCE) has become
a leading approach in the research on contracts, firm organization
and strategy, antitrust, marketing, inter-firm collaboration and
entrepreneurship. With contributions by leading scholars in
economics, law and business administration - including Oliver E.
Williamson, recipient of the 2009 Nobel Prize in economics for his
development of the transaction cost approach - this volume reviews
the latest developments in TCE and applies them to contemporary
theoretical and empirical problems. Beginning with an introductory
essay by the editors, the book covers precursors and influences,
core concepts, applications, alternatives and critiques. The
contributing authors describe, extend and assess the transaction
cost approach to economic organization, and examine the role of TCE
in the larger legal, economic, and managerial literatures on
organizations and institutions. An original and comprehensive
volume, the Companion introduces the novice and informs the
specialist about TCE's fundamental elements, recent controversies
and new developments. An accessible and astute delineation of how
transaction cost economics offers important and unique insights
into key organizational, managerial and societal issues of our day,
the Companion will be of particular interest to practitioners of
business law and antitrust, corporate executives and management
consultants. Additionally, academic researchers, scholars and
students of economics, business and law will find it an invaluable
reference.
General
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