Transaction-Cost Economics: Past and Future
Name
Gibbons SJOE Final.pdf
Size
122.03 KB
Format
Adobe PDF
Checksum (MD5)
a8913a101e628360a816c07e24b9252e
Author(s)
Gibbons, Robert S.
Date Issued
May 2010
Journal
Scandinavian Journal of Economics
Publisher
Wiley Blackwell (Blackwell Publishing)
Citation
Gibbons, Robert. “Transaction-Cost Economics: Past, Present, and Future?” Scandinavian Journal of Economics 112.2 (2010): 263-288.
Version
Author's final manuscript
Abstract
Oliver Williamson is the founder and chief developer of transaction-cost economics (TCE). In this brief essay, on the occasion of his Nobel Memorial Prize, I offer a partial discussion of Williamson's contributions by first summarizing some of the accomplishments of TCE-past and then sketching some of the opportunities for TCE-future. Most of the topics in both sections (TCE-past and TCE-future) start with a quotation from Williamson's early work that I think still speaks volumes today. That is, while fellow travelers and successors have acted on one set of Williamson's insights, helping to produce the accomplishments of TCE-past, another collection of Williamson's insights has gone relatively unremarked, creating some of the opportunities for TCE-future.
MIT Department
Sloan School of Management
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike 3.0
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1111/j.1467-9442.2010.01609.x
