Overview

Case Studies in Contracting and Organization is an edited collection of empirical studies from the transaction-cost economics literature on contracting and organization. Derived from the work of Ronald Coase, 1991 winner of the Nobel Prize in Economics, Olive Williamson, and other transaction-cost economists, the studies explore such fundamental organizational issues as the role of reputation, the purpose and limitations of contracts, the nature and boundaries of the firm, and the evolution and role of hybrid organizational forms such as franchising, leasing, and joint ventures. Industries covered include aerospace, automotive, electric power generation, fast food, natural gas, ocean shipping, petroleum, coke refining, rail transportation, soft drink distribution, shoe manufacturing, and tuna processing. An introductory chapter provides an overview of transaction-cost reasoning and a summary of each study's contributions to our understanding of the problem of economic organization. The relatively nontechnical nature of the readings makes the book accessible to business and law students as well as advanced undergraduate and graduate students of economics.

Full Product Details

Author:   Masten
Publisher:   Oxford University Press Inc
Imprint:   Oxford University Press Inc
Dimensions:   Width: 15.60cm , Height: 2.30cm , Length: 23.50cm
Weight:   0.490kg
ISBN:  

9780195092523

ISBN 10:   019509252
Pages:   360
Publication Date:   25 January 1996
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

1: Introduction Part I. Contracting 2: Robert C. Ellickson: A Hypothesis of Wealth-Maximizing Norms: Evidence from the Whaling Industry 3: Thomas M. Palay: Comparative Institutional Economics: The Governance of Rail Freight Contracting 4: Victor P. Goldberg and John P. Erickson: Quantity and Price Adjustment in Long-Term Contracts: A Case Study of Petroleum Coke 5: Scott E. Masten and Keith J. Crocker: Efficient Adaptation in Long-Term Contracts: Take-or-Pay Provisions for Natural Gas 6: Paui L. Joskow: Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets 7: Stephen Craig Pirrong: Contracting Practices in Bulk Shipping Markets: A Transaction Cost Explanation Part II. Vertical Integration 8: Benjamin Klein: Vertical Integration as Organizational Ownership: The Fisher Body-General Motors Relationship Revisited 9: Kirk Monteverde and David J. Teece: Supplier Switching Costs and Vertical Integration in the Automobile Industry 10: Scott E. Masten: The Organization of Production: Evidence from the Aerospace Industry Part III. Hybrids 11: Edward C. Gallick: Exclusive Dealing and Vertical Integration: The Efficiency of Contracts in the Tuna Industry 12: Scott E. Masten and Edward A. Snyder: United States vs. United Shoe Machinery Corporation: On the Merits 13: Timothy J. Muris, David T. Scheffman, and Pablo T. Spiller: Strategy and Transaction Costs: The Organization of Distribution in the Carbonated Soft Drink Indstry 14: Patrick J. Kaufman and Francine Lafontaine: Costs of Control: The Source of Economic Rents for McDonalds Franchises

Reviews

Should be recommended to students on any Business/Industrial Economics course. Maria Moschandreas, Middlesex University

Author Information

Tab Content 6

Author Website:  

Countries Available

All regions