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Firms, Markets, and Hierarchies: The Transaction Cost Perspective


  • Carroll, Glenn R.
  • Teece, David J.
    (both at the Walter A. Haas School of Business, University of California, Berkeley)


This book presents a stock-taking of the work that has been done since the appearance of Oliver Williamson's seminal book Markets and Hierarchies (Free Press 1975), that gave new life to the concept of transaction cost analysis (introduced by Ronald Coase in the 1930s). It derives from an issue of the OUP journal, Industrial and Corporate Change (1996), that published articles derived from a conference in 1995, the twentieth anniversary of the publication of the Williamson book.

Suggested Citation

  • Carroll, Glenn R. & Teece, David J. (ed.), 1999. "Firms, Markets, and Hierarchies: The Transaction Cost Perspective," OUP Catalogue, Oxford University Press, number 9780195119510.
  • Handle: RePEc:oxp:obooks:9780195119510

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    Cited by:

    1. Jochen Runde, 2001. "Filling in the Background," Journal of Economic Methodology, Taylor & Francis Journals, vol. 9(1), pages 11-30.
    2. Mike, Károly, 2015. "Kevesebb vagy több közgazdaságtant?. Valentiny Pál-Kiss Ferenc László-Nagy Csongor István (szerk.): Verseny és szabályozás, 2013. MTA KRTK KTI, Budapest, 2014, 372 o
      [More or less economics?. Pál V
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 335-340.

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