Firms, Organizations and Contracts: A Reader in Industrial Organization / Edition 1

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The operations of the firm lie at the heart of studying business and business economics. This volume--the first in the new Oxford Management Readers Series--brings together the classic articles analyzing the role of firms and the relations between them, focusing particularly on the increasingly widespread idea that a firm is based on a set of internal and external contracts. The book will be an invaluable tool for teachers and students of business, economics, and management. The editors' Introduction provides an accessible overview, and Nobel prizewinner Ronald Coase contributes a foreword.
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Product Details

  • ISBN-13: 9780198774365
  • Publisher: Oxford University Press, USA
  • Publication date: 9/28/1996
  • Series: Oxford Management Readers Series
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 496
  • Lexile: 1530L (what's this?)
  • Product dimensions: 9.19 (w) x 6.13 (h) x 1.03 (d)

Meet the Author

University of Leeds

Judge Institute of Management Studies, Cambridge

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Table of Contents

Introduction and Overview 1
1 The Equilibrium of the Firm 23
2 The Nature of the Firm 40
3 The Organization of Industry 59
4 Production, Information Costs, and Economic Organization 75
5 Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure 103
6 Transaction-Cost Economics: The Governance of Contractual Relations 168
7 An Economist's Perspective on the Theory of the Firm 199
8 Corporate Culture and Economic Theory 221
9 Co-operative Agreements and the Organization of Industry 276
10 Interpenetration of Organization and Market 293
11 Vertical Quasi-Integration 320
12 Non-Contractual Relations in Business: A Preliminary Study 339
13 Goodwill and the Spirit of Market Capitalism 359
14 Joint Ventures and Interorganizational Interdependence 385
15 Joint Ventures 410
16 Organizations: New Concepts for New Forms 429
17 Markets, Bureaucracies, and Clans 442
18 Economic Theories of the Firm: Past, Present, and Future 459
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