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Comparative Economic Organization: The Analysis of Discrete Structural Alternatives

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  • Williamson, Oliver

Abstract

Policy Reforms in developing countries have been hindered by the lack of appropriate institutional structures. An application of "The New Institutional Economics" is an analysis of these institutional structures. This research extends and refines the apparatus out of which "The New Institutional Economics" works, in order to make it more responsive to four reported problems and critiques: (1) research into the institutional environment (emphasizing institutional rules such as customs, laws and politics) and research into institutions of governance (focusing on the comparative efficacy of alternative generic forms of governance) has developed in disjunct ways; (2) transaction cost economics deals with polar forms such as markets or hierarchies, to the neglect of intermediate or hybrid forms (long-term contracting, reciprocal trading, regulation and franchising); (3) applications have emphasized measuring transactions to the exclusion of measuring governance; and (4) transactions cost economics have not been applied to non-Western and non-capitalist economies. •

Suggested Citation

  • Williamson, Oliver, 1991. "Comparative Economic Organization: The Analysis of Discrete Structural Alternatives," Institute for Policy Reform Working Paper Series 294665, Institute for Policy Reform.
    • Handle: RePEc:ags:iprwps:294665
    DOI: 10.22004/ag.econ.294665
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    References listed on IDEAS

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    1. Eccles, Robert G., 1981. "The quasifirm in the construction industry," Journal of Economic Behavior & Organization, Elsevier, vol. 2(4), pages 335-357, December.
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    1. Richard Calvi, 1999. "L'externalisation des activités d'achat:l'apport du modèle contractualiste appliqué au processus d'achat," Revue Finance Contrôle Stratégie, revues.org, vol. 2(1), pages 27-47, March.
    2. McMillan, John & Rausser, Gordon & Johnson, Stan, 1991. "Freedoms and Economic Growth," Institute for Policy Reform Working Paper Series 294675, Institute for Policy Reform.
    3. Bakucs, Lajos Zoltan & Ferto, Imre & Szabo, Gabor G., "undated". "Contractual Relationships in the Hungarian Milk Sector," 2010 IAMO Forum, June 16-18, 2010, Halle (Saale), Germany 90794, Institute of Agricultural Development in Transition Economies (IAMO).
    4. Toth, Jozsef, "undated". "Use of Coordination Fields in Food Economics," 2010 IAMO Forum, June 16-18, 2010, Halle (Saale), Germany 90828, Institute of Agricultural Development in Transition Economies (IAMO).
    5. Tilahun Nigatu Habtemariyam & Chalchissa Amentie Kero, 2022. "The Effect of Supply Chain Management on Competitive Advantage: Mediating Role of Supply Chain Responsiveness in Ethiopian Food Processing Industry," International Journal of Business and Management (IJBM), International Emerging Scholars Society (IESS), New Zealand, vol. 1(1), pages 1-33, July.
    6. Birner, Regina & Linacre, Nicholas A., 2008. "Regional Biotechnology Regulations: Design Options and Implications for Good Governance," IFPRI Discussion Papers 42346, CGIAR, International Food Policy Research Institute (IFPRI).
    7. Jia, Xiangping & Hu, Yamei & Hendrikse, George W.J. & Huang, Jikun, "undated". "Centralized versus Individual: Governance of Farmer Professional Cooperatives in China," 2010 IAMO Forum, June 16-18, 2010, Halle (Saale), Germany 90803, Institute of Agricultural Development in Transition Economies (IAMO).

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