Institutions, Contracts, and Organizations: A Perspective from New Institutional Economics

Author: Williamson, Oliver [USA]
Publisher:
Publish Date: 2003-01-01
Features: This book demonstrates the fundamental dimensions of the research program, emphasizing the interactive relationship between formal and informal institutional factors and the performance of different institutional arrangements for organizational transactions. After examining the foundations of new institutional economics and commemorating Ronald Coase's contributions to the field, it also presents conflicting and contradictory views on the sources of growth. It particularly highlights organizations and transactions, focusing on trust, corruption, contract enforcement, and organizational models. Due to the involvement of a group of prominent economists in compiling the book, "Institutions, Contracts, and Organizations" has become a significant milestone in the development history of new institutional economics.