The Mechanisms of Governance

E572626

The Mechanisms of Governance is a seminal book by economist Oliver E. Williamson that develops and applies transaction cost economics to explain how different organizational and contractual arrangements structure economic activity.

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The Mechanisms of Governance canonical 1

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Predicate Object
instanceOf book
academicDiscipline law and economics
organizational economics
addresses dispute resolution mechanisms
make-or-buy decisions
outsourcing
private ordering
relational contracting
vertical integration
author Oliver E. Williamson NERFINISHED
contribution applies transaction cost reasoning to a wide range of organizational forms
clarifies the role of governance in mitigating transaction hazards
develops a unified framework for analyzing governance structures
integrates theory of the firm with contract theory
field economics
institutional economics
transaction cost economics
hasPart analysis of hierarchical governance
analysis of hybrid governance
analysis of market governance
applications to public and private bureaucracies
comparative institutional assessment of governance modes
discussion of contract law and economics
influencedBy Ronald Coase NERFINISHED
The Nature of the Firm NERFINISHED
The Problem of Social Cost NERFINISHED
language English
mainTopic asset specificity
bounded rationality
comparative institutional analysis
contracts
economic governance
economic organization
firms
governance structures
hierarchies
hybrid organizational forms
incomplete contracts
markets
opportunism in economic transactions
transaction costs
notableFor influence on corporate governance research
influence on organizational theory
systematic development of transaction cost economics
theoreticalFramework transaction cost economics

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Oliver E. Williamson notableWork The Mechanisms of Governance