Transactions, Governance, and Economic Efficiency

Author: Wang Guoshun, Zhou Yong, Tang Jie
Publisher:
Publish Date: 2005-12-01
Features: During their visit to the UK, the authors made every effort to collect literature on Williamson himself and other economists related to Williamson, followed by reading and organizing it. "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 authors believe that the concepts of transaction, governance, and economic efficiency better express Williamson's ideas. "Technology, Institutions, and Firm Efficiency: Theoretical Research on the Basis 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 theory of the firm contract, is essentially an economics of efficiency. The innovation the book hopes to achieve is the establishment of an analytical framework for firm efficiency, and the analysis of the technological and institutional foundations for the formation and growth of firm efficiency, taking modern firm theory as the basic tool, thereby constructing a theoretical and methodological foundation for scientific research and evaluation of firm efficiency.