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Transaction Cost Economics and Beyond : Recent Economic Thought - John Groenewegen

Transaction Cost Economics and Beyond

Recent Economic Thought

By: John Groenewegen (Editor)

Hardcover Published: 31st December 1995
ISBN: 9780792396116
Number Of Pages: 390

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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 deveĀ­ lopment of the theory of the firm and that it helps us to a better understanĀ­ 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).

Preface
Transaction Cost Economics and Beyond: Why and How?
Efficiency, Power, Authority, and Economic Organization
Empirical Research in Transaction Cost Economics: Challenges, Progress, Directions
Transaction Cost Analysis and Marketing
Regulatory Issues with Vertically Disintegrated Public Utilities: a Transaction-Cost Analysis
Opportunism and Trust in Transaction Cost Economics
Short-Term Prevalence, Social Approval and the Governance of Employment Relations
Inside the Black Box: the Variety of Hierarchical Forms
Authority Relations in the Firm: Review and Agenda for Research
The Core of the Firm: the Issue of the Employer-Employee Relationship
Transaction Cost Analysis - Is It Being Used Out of Context?
Opportunism, Learning and Organisational Evolution
Corporate Culture and the Nature of the Firm
Seven Reasons Why `Beyond' Transaction Costs Economics to Thesmoeconomics
After the Special Nature of the Firm: Beyond the Critics of Orthodox Neoclassical Economics
Transaction Costs and Technological Learning
Towards a Learning Based Model of Transactions
Transaction Acosts and Institutional Change
A Case for Theoretical Pluralism
List of Contributors
List of Tables and Figures
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780792396116
ISBN-10: 0792396111
Series: Recent Economic Thought
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 390
Published: 31st December 1995
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 2.54
Weight (kg): 0.74

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