Authors: Michael Dietrich
ISBN-13: 9780415071550, ISBN-10: 0415071550
Format: Hardcover
Publisher: Taylor & Francis, Inc.
Date Published: April 1994
Edition: (Non-applicable)
In recent years transaction costs economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Driscoll offers a critical exploration of transaction costs. He argues that whilst they have much to offer they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.
List of Figures | ||
Preface | ||
1 | Introduction | 1 |
2 | The Transaction Cost Paradigm | 15 |
3 | A General Framework | 31 |
4 | The Development of the Firm | 51 |
5 | Related Integration and the Firm | 67 |
6 | Unrelated Integration and the Firm | 83 |
7 | Quasi-Integration and the Firm | 100 |
8 | The Firm and Economic Theory | 119 |
9 | The Firm as a System | 137 |
10 | Economic Policy and the Firm | 156 |
11 | Conclusions | 174 |
Notes | 182 | |
Bibliography | 191 | |
Author index | 207 | |
Subject index | 211 |