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The Close Relation between Organization Theory and Oliver Williamson’s Transaction Cost Economics: A Theory of the Firm Perspective

Year: 2010

Type: preprint

Abstract: This article deals with the contribution of organization theory to transaction cost economics from an examination of Williamson's theory of the firm. Borrowing and applying some conclusions of organization theory, Williamson rightly differs from other theories of the firm, particularly in his analysis of hierarchical authority, intra-firm conflicts, organizational atmosphere, and the farsighted contracting. Having shed light on the complementary and divergent thoughts of these two different disciplinary approaches to the firm, the article recalls Williamson's project of building a ‘science of organization’.

Source: SSRN Electronic Journal

Authors: Virgile Chassagnon, Bernard Baudry

Institutions: Université catholique de lyon, Centre National de la Recherche Scientifique, Institut supérieur d'étude des religions et de la laïcité, Triangle : Action, Discours, Pensée politique et économique

Language: English

Topic: Economic Theory and Institutions

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3123069866

Cites:

Cited by: 1

Related to: 10