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Transaction Cost Economics: The Precursors

In: Regulation, Deregulation, Reregulation

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  • Oliver E. Williamson

Abstract

Building on Oliver Williamson’s original analysis, the contributors introduce new ideas, different perspectives and provide tools for better understanding changes in the approach to regulation, the reform of public utilities, and the complex problems of governance. They draw largely upon a transaction cost approach, highlighting the challenges faced by major economic sectors and identifying critical flaws in prevailing views on regulation. Deeply rooted in sector analysis, the book conveys a central message of new institutional economics: that theory should be continuously confronted by facts, and reformed or revolutionized accordingly.

Suggested Citation

  • Oliver E. Williamson, 2009. "Transaction Cost Economics: The Precursors," Chapters, in: Claude Ménard & Michel Ghertman (ed.), Regulation, Deregulation, Reregulation, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13188_1
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    1. Yuepeng Zhou & Xiaoping Shi & Dengyan Ji & Xianlei Ma & Satish Chand, 2019. "Property rights integrity, tenure security and forestland rental market participation: Evidence from Jiangxi Province, China," Natural Resources Forum, Blackwell Publishing, vol. 43(2), pages 95-110, May.
    2. Setene, Letlama, 2020. "Coordination strategies in the South African egg value chain: A review of chain performance and fragility," Research Theses 334761, Collaborative Masters Program in Agricultural and Applied Economics.
    3. Doris Morales & Ahmad H. Juma´h & Antonio Llorens-Rivera & Félix Cue & Ángel Ruiz, 2012. "Tendencias del traslado de actividades en las manufactureras en Puerto Rico y el título de propiedad sobre la planta física, 2005-2011," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 2, pages 1-1, December.
    4. Ding, Yanyan & Jian, Sisi, 2022. "Strategic collaboration between land owners and charging station operators: Lease or outsource?," Transportation Research Part B: Methodological, Elsevier, vol. 166(C), pages 183-211.
    5. Martin Ricketts, 2010. "The Governance of Financial Transactions," Chapters, in: Steven Kates (ed.), Macroeconomic Theory and its Failings, chapter 12, Edward Elgar Publishing.
    6. Matolcsy, Zoltan & Wakefield, James, 2017. "Multinational headquarter control of wholly owned foreign subsidiaries," The British Accounting Review, Elsevier, vol. 49(3), pages 275-293.
    7. Slapničar, Sergeja & Axelsen, Micheal & Bongiovanni, Ivano & Stockdale, David, 2023. "A pathway model to five lines of accountability in cybersecurity governance," International Journal of Accounting Information Systems, Elsevier, vol. 51(C).

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