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Contract and Economic Organization


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  • Oliver E. Williamson


[eng] Transaction cost economics analyzes the organization of economic activities as problem of governance of contractual relations. This approach combines research results in law, economics and organizational sciences to identify alternative governance modes, to point out their relevant attributes, and to explain their relative performances. Transaction Cost Economics evolved over time. Starting with non formalized method, it is today a more formal theory, even if the formalization of bounded rationality is still not fully satisfying. [fre] L'économie des coûts de transaction traite l'analyse de l'organisation économique principalement comme un problème de gouvernance des relations contractuelles. Cette approche a combiné les apports des recherches juridiques, économiques et en organisation, pour identifier les modes alternatifs de gouvernance, pour en définir les attributs pertinents et pour en expliquer les performances relatives. Depuis sa création, l'économie des coûts de transaction a évolué, partant de méthodes d'analyse non-formalisées et aboutissant à des méthodes formalisées, bien que la formalisation de la rationalité limitée demeure insatisfaisante.

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Bibliographic Info

Article provided by Programme National Persée in its journal Revue d'économie industrielle.

Volume (Year): 92 (2000)
Issue (Month): 1 ()
Pages: 55-66

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Handle: RePEc:prs:recind:rei_0154-3229_2000_num_92_1_1036

Note: DOI:10.3406/rei.2000.1036
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Cited by:
  1. Glanchant, J-M. & Pignon, V., 2003. "Nordic Electricity Congestion's Arrangement as a Model for Europe: Physical Constraints or Operators' Opportunity," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 0313, Faculty of Economics, University of Cambridge.
  2. Céline Chatelin & Stéphane Trebucq, 2002. "Du processus d'élaboration du cadre conceptuel en gouvernance d'entreprise A development process Of a conceptual framework of corporate governance," Working Papers CREGO, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations 1021201, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
  3. Darine Bakkour, 2013. "L’approche contractuelle du concept de gouvernance," Studies and Syntheses, LAMETA, Universtiy of Montpellier 13-04, LAMETA, Universtiy of Montpellier, revised Dec 2013.


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