The Transaction Cost Economics Project: The Theory and Practice of the Governance of Contractual Relations

The Transaction Cost Economics Project: The Theory and Practice of the Governance of Contractual Relations
ISBN-10
0857938770
ISBN-13
9780857938770
Category
Industrial organization (Economic theory)
Language
English
Published
2013
Publisher
Edward Elgar Publishing
Author
Oliver E. Williamson

Description

Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of contractual phenomena that have yet to be investigated in transaction cost economics terms. New challenges are posed by the need to move beyond the design of new contractual instruments (such as financial derivatives) to include an examination of the lurking hazards that attend contract implementation.

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