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The close relation between organization theory and Oliver Williamson's transaction cost economics: a theory of the firm perspective

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  • BAUDRY, BERNARD
  • CHASSAGNON, VIRGILE

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’.

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  • Baudry, Bernard & Chassagnon, Virgile, 2010. "The close relation between organization theory and Oliver Williamson's transaction cost economics: a theory of the firm perspective," Journal of Institutional Economics, Cambridge University Press, vol. 6(4), pages 477-503, December.
    • Handle: RePEc:cup:jinsec:v:6:y:2010:i:04:p:477-503_00
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    Cited by:

    1. Virgile Chassagnon & Bernard Baudry, 2016. "American versus French labor and employment law : a critical review of the analysis of employment relationship in contract economic theories," Working Papers halshs-01371870, HAL.
    2. Frolov, Daniil, 2019. "From institutions to extitutions to the post-institutional theory of institutional anomalies," MPRA Paper 95960, University Library of Munich, Germany, revised 10 Sep 2019.
    3. Bernard Baudry & Virgile Chassagnon, 2012. "The vertical network organization as a specific governance structure: what are the challenges for incomplete contracts theories and what are the theoretical implications for the boundaries of the (hub," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(2), pages 285-303, May.
    4. Bernard Baudry & Virgile Chassagnon, 2016. "The regulation of collective labour relationships : an assessment of the Oliver Williamson's private ordering-public ordering divide," Working Papers halshs-01371848, HAL.
    5. Frolov, Daniil, 2018. "От Институтов К Экститутам И Далее - К Теории Институциональных Аномалий [From Institutions to Extitutions to the Theory of Institutional Anomalies]," MPRA Paper 90286, University Library of Munich, Germany.
    6. Amélie Artis, 2018. "Introduction [au dossier thématique « Coopérative, management et société »]," Post-Print hal-01687598, HAL.
    7. Virgile Chassagnon, 2014. "Toward a Social Ontology of the Firm: Reconstitution, Organizing Entity, Institution, Social Emergence and Power," Journal of Business Ethics, Springer, vol. 124(2), pages 197-208, October.
    8. Virgile Chassagnon, 2012. "Pouvoir et coopération dans la firme et entre les firmes," Post-Print halshs-00818301, HAL.

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