Antitrust Economics: Mergers, Agreements, and Strategic Behavior: Mergers, Agreements, and Strategic Behavior

Author: Oliver E. Williamson
Publisher:
Publish Date: 2000-01-01
Features: Our country is currently in the period of economic system transition. During the process of shifting from a planned economy to a market economy, we have encountered many contradictions and problems. How to design a sound institutional framework, how to properly handle the triangular substitution relationship between the state, the market, and enterprises, and how to resolve the issue of information incentives are the most urgent fundamental problems that China must address. The essence of these problems lies in how to save institutional costs. Once this issue is resolved, China will embark on a path of institutional innovation characterized by low transaction costs, sound market operation mechanisms, sensitive information, and rapid market expansion.