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Hierarchies, Markets and Power in the Economy: An Economic Perspective

Oliver E. Williamson

in Understanding Industrial and Corporate Change

Published in print:
2004
Published Online:
September 2007
ISBN:
9780199269426
eISBN:
9780191710179
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199269426.003.0004
Subject:
Business and Management, Organization Studies

This chapter adopts the transaction cost economics perspectives for purposes of examining hierarchies, markets, and power in the economy. Transaction cost economics works out of an economizing ... More


Transaction Cost Economics and Organization Theory

Oliver E. Williamson

in Technology, Organization, and Competitiveness: Perspectives on Industrial and Corporate Change

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198290964
eISBN:
9780191596162
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198290969.003.0002
Subject:
Economics and Finance, Microeconomics

This paper focuses on connections between transaction cost economics and organization theory, and argues that a three‐part relation is taking shape. The first and most important of these is that ... More


Strategy, Resources, and Transaction Costs

Nicolai J. Foss

in Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources

Published in print:
2005
Published Online:
April 2005
ISBN:
9780199240647
eISBN:
9780191602177
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199240647.003.0005
Subject:
Economics and Finance, Economic Systems

Transaction cost economics (TCE) has been criticized by management scholars and knowledge-based theorists, using their critiques of TCE as the starting point for their own approaches to the firm. It ... More


Organizational versus Market Knowledge: From Concrete Embodiment to Abstract Representation

Max H. Boisot, Ian C. MacMillan, and Kyeong Seok Han

in Explorations in Information Space: Knowledge, Actors, and Firms

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199250875
eISBN:
9780191719509
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199250875.003.0005
Subject:
Business and Management, Knowledge Management

In contrast to the neoclassical economic presumption in favour of markets, this chapter argues that organizations, not markets, should be taken as our default assumption. This argument is based on ... More


. Vertical Integration

NEIL M. KAY

in Pattern in Corporate Evolution

Published in print:
2000
Published Online:
October 2011
ISBN:
9780199242115
eISBN:
9780191697005
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199242115.003.0003
Subject:
Business and Management, Strategy, Organization Studies

This chapter explores the nature of vertical integration. It also analyses the ability of transaction-cost economics to deal with vertical integration. The chapter begins by analysing the foundations ... More


Economic Institutions and Development: A View from the Bottom

Oliver E. Williamson

in A Not-so-dismal Science: A Broader View of Economies and Societies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198294900
eISBN:
9780191596728
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294905.003.0004
Subject:
Economics and Finance, Economic Systems

The transaction‐cost economics approach to governance is outlined, and it is explained how this helps to inform the study of the institutional environment at the level of the firm, and especially the ... More


Conclusions: So … Can Latin American Firms Compete?

Luiz F. Mesquita

in Can Latin American Firms Compete?

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199233755
eISBN:
9780191715549
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199233755.003.0016
Subject:
Business and Management, International Business

Latin America presents unique challenges, such as roller-coaster bouts of economic development boom and bust; massive presence of state in the economy; failing markets for human and physical capital, ... More


Perspectives on the Contribution of Boards of Directors

Philip Stiles and Bernard Taylor

in Boards at Work: How Directors View their Roles and Responsibilities

Published in print:
2002
Published Online:
January 2010
ISBN:
9780199258161
eISBN:
9780191718342
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199258161.003.0002
Subject:
Business and Management, Corporate Governance and Accountability

How boards of directors influence organisational performance has been a central topic of corporate governance literature. This chapter outlines the major theoretical issues pertaining to research on ... More


Antitrust and the Close Look: Transaction Cost Economics in Competition Policy

Herbert Hovenkamp

in The Global Limits of Competition Law

Published in print:
2012
Published Online:
June 2013
ISBN:
9780804774901
eISBN:
9780804782678
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804774901.003.0006
Subject:
Law, Competition Law

This chapter emphasizes the diversity of economic theory by addressing the role of transaction cost economics (TCE) within antitrust. It identifies one extreme the “structural” school, which saw ... More


Strategic Analysis—Academic Models

J.-C. Spender

in Business Strategy: Managing Uncertainty, Opportunity, and Enterprise

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199686544
eISBN:
9780191766442
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199686544.003.0003
Subject:
Business and Management, Strategy

The balance between fetishizing theory as true knowledge and dismissing it as irrelevant to practice—especially management practice—is a challenge. Hence the rigor–relevance discussion. This chapter ... More


Knowledge Integration in Inter-firm R&D Collaboration: How do Firms Manage Problems of Coordination and Cooperation?

Mattias Johansson, Mattias Axelson, Cecilia Enberg, and Fredrik Tell

in Knowledge Integration and Innovation: Critical Challenges Facing International Technology-Based Firms

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199693924
eISBN:
9780191730580
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199693924.003.0007
Subject:
Business and Management, Innovation, Knowledge Management

Firms often need to collaboratively use and integrate two or more organizations' knowledge bases in order to achieve their goals. This is a challenging task due to two sets of commonly identified ... More


12 Transactions Costs Economics and the Post-Chicago Movement

Daniel Crane

in The Making of Competition Policy: Legal and Economic Sources

Published in print:
2013
Published Online:
April 2015
ISBN:
9780199782796
eISBN:
9780190261351
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199782796.003.0012
Subject:
Economics and Finance, History of Economic Thought

This chapter examines the ongoing progression of ideas about competition policy. It groups together two schools of economic thought—Transaction Cost Economics and the Post-Chicago school. It looks ... More


Business Model Innovation: The Organizational Dimension

Nicolai J Foss and Tina Saebi (eds)

Published in print:
2015
Published Online:
April 2015
ISBN:
9780198701873
eISBN:
9780191771606
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198701873.001.0001
Subject:
Business and Management, Innovation, Strategy

Business model innovation is an important source of competitive advantage and corporate renewal. An increasing number of companies have to innovate their business models, not just because of ... More


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