Transactions, Governance, and Economic Efficiency: O.E. Williamson's Transaction Cost Economics

Author: Wang Guoshun
Publisher:
Publish Date: 2005-12-01
Features: During the author's visit to the UK, he made every effort to collect literature on Williamson himself and other economists related to Williamson, followed by reading and organizing it. The book "Transaction, Governance, and Economic Efficiency" aims to systematically introduce Williamson's academic thought, thereby deepening the research and application of Williamson's theory and the entire transaction cost economics. The reason for choosing this title is because the author believes that the concepts of transaction, governance, and economic efficiency better express Williamson's ideas. "Technology, Institutions, and Firm Efficiency: A Theoretical Study of the Foundation of Firm Efficiency" is intrinsically linked to the above three books. Modern firm theory, whether based on contracts or capabilities, has the same purpose, which is to pursue efficiency; Williamson's transaction cost economics, as an important component of the firm contract theory, is essentially the economics of efficiency. The innovation this book hopes to achieve is the establishment of an analytical framework for firm efficiency, and the analysis of the technological and institutional foundations of firm efficiency formation and growth, using modern firm theory as the basic tool, thereby constructing a theoretical and methodological foundation for scientific research and evaluation of firm efficiency.