Contract, Governance and Transaction Cost Economics - Image 1

£63.82

World Scientific Publishing Company Contract, Governance and Transaction Cost Economics

Name: Contract, Governance and Transaction Cost Economics
Brand: World Scientific Publishing Company
Price: 63.82 GBP
Availability: InStock

Microeconomics

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Description

This book brings together a collection of seven papers on Transaction Cost Economics by Nobel Laureate Professor Oliver E Williamson. The applications of Transaction Cost Economics are extensive, ranging from the field of industrial organization and applied fields of economics such as labor, public finance, comparative economic systems and economic development, to the business fields of strategy, organizational behavior, marketing, finance, operations management, and accounting. In short, as Williamson states, ""any problem that originates as or can be reformulated as a contracting problem can be examined to advantage in transaction cost economizing terms.""What is referred to as New Institutional Economics is developed in the West in two mainly complementary ways: Property Rights Theory, and Transaction Cost Economics. Of the two, Property Rights Theory developed more rapidly. Transaction Cost Economics has nonetheless taken shape of late.In China, research on New Institutional Economics began in the 1990s and has grown rapidly since. China has similarly given much more attention to Property Rights Theory. Gengxuan Chen, the editor of this volume, recommends that China will benefit by bringing Transaction Cost Economics to bear. Simultaneously, for scholars who study the market economy, Transaction Cost Economics provides a very attractive way to explain the practice of the Chinese market economy.

Product Specifications

Brand: World Scientific Publishing Company
Format: hardcover
ASIN: 9813202076
Category: Books > Subjects > Business, Finance & Law > Economics > Microeconomics
Domain: Amazon UK
Release Date: 24 May 2017
Listed Since: 11 October 2016

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World Scientific Publishing Company Contract, Governance and Transaction Cost Economics

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