We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Transaction-Cost Economics: Past, Present, and Future?
- Authors
Gibbons, Robert
- Abstract
Oliver Williamson is the founder and chief developer of transaction-cost economics (TCE). In this brief essay, on the occasion of his Nobel Memorial Prize, I offer a partial discussion of Williamson's contributions by first summarizing some of the accomplishments of TCE-past and then sketching some of the opportunities for TCE-future. Most of the topics in both sections (TCE-past and TCE-future) start with a quotation from Williamson's early work that I think still speaks volumes today. That is, while fellow travelers and successors have acted on one set of Williamson's insights, helping to produce the accomplishments of TCE-past, another collection of Williamson's insights has gone relatively unremarked, creating some of the opportunities for TCE-future.
- Subjects
ECONOMICS; TRANSACTION costs; WILLIAMSON, Oliver E., 1932-; NOBEL Prize winners; ESSAYS; NOBEL Prizes; TRAVELERS
- Publication
Scandinavian Journal of Economics, 2010, Vol 112, Issue 2, p263
- ISSN
0347-0520
- Publication type
Article
- DOI
10.1111/j.1467-9442.2010.01609.x