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

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Features: During the author's visit to the UK, they 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 that the concepts of transaction, governance, and economic efficiency are considered to best express Williamson's ideas. "Technology, Institutions, and Firm Efficiency: A Theoretical Study of the Foundations of Firm Efficiency" is intrinsically linked to the aforementioned 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 an economics of efficiency. The innovation this book hopes to achieve is the establishment of an analytical framework for firm efficiency, 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.