Transaction Cost Economics and Beyond

Overview

Transaction cost economics (TCE) is at the heart of the new theory of the firm. While it is an established research tradition with a well developed theoretical framework and good empirical results, critics consider TCE too limited to understand the essential characteristics of complex organizations like the firm. The criticism is that we need to go beyond the original TCE framework and develop a more pluralistic approach towards issues of economic organization. This book provides a lively debate on these issues ...
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Overview

Transaction cost economics (TCE) is at the heart of the new theory of the firm. While it is an established research tradition with a well developed theoretical framework and good empirical results, critics consider TCE too limited to understand the essential characteristics of complex organizations like the firm. The criticism is that we need to go beyond the original TCE framework and develop a more pluralistic approach towards issues of economic organization. This book provides a lively debate on these issues in an open-minded, academic manner.
Transaction Cost Economics and Beyond contributes to our further understanding of the theory of the firm and provides a better knowledge of the complexities of economic organization.
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Product Details

  • ISBN-13: 9789401073028
  • Publisher: Springer Netherlands
  • Publication date: 7/31/2012
  • Series: Recent Economic Thought Series , #48
  • Edition description: Softcover reprint of the original 1st ed. 1996
  • Edition number: 1
  • Pages: 404
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.83 (d)

Table of Contents

Preface
1 Transaction Cost Economics and Beyond: Why and How? 1
2 Efficiency, Power, Authority and Economic Organization 11
3 Empirical Research in Transaction Cost Economics: Challenges, Progress, Directions 43
4 Transaction Cost Analysis and Marketing 65
5 Regulatory Issues with Vertically Disintegrated Public Utilities: A Transaction Cost Analysis 85
6 Opportunism and Trust in Transaction Cost Economics 105
7 Short-Term Prevalence, Social Approval, and the Governance of Employment Relations 129
8 Inside the Black Box: The Variety of Hierarchical Forms 149
9 Authority Relations in the Firm: Review and Agenda for Research 171
10 The Core of the Firm: The Issue of the Employer-Employee Relationship 189
11 Transaction Cost Analysis - Is It Being Used Out of Context? 209
12 Opportunism, Learning, and Organizational Evolution 225
13 Corporate Culture and the Nature of the Firm 249
14 Seven Reasons Why "Beyond" Transaction Costs Economics to Thesmoeconomics 271
15 After the Special Nature of the Firm: Beyond the Critics of Orthodox Neoclassical Economics 289
16 Transaction Costs and Technological Learning 309
17 Towards a Learning Based Model of Transactions 327
18 Transaction Costs and Institutional Change 351
19 A Case for Theoretical Pluralism 365
List of Contributors 381
List of Tables and Figures 383
Index 385
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