Transaction cost economics literature

Transaction cost economics

Market or Hierachy, transaction cost.

two individual firm or one firm

Market relation: two firm exchange product

firm:

Relation contract



* Oliver E. Williamson, "Transaction Cost Economics: The Governance of Contractual Relations," Journal of Law and Economics 22 (October 1979): 233-61. Chapter 12 in Williamson, 1990.

* Benjamin Klein, Robert A. Crawford, and Armen A. Alchian, "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics 21 (1978): 297-326.

Kirk Monteverde and David J. Teece, "Supplier Switching Costs and Vertical Integration in the Automobile Industry," Bell Journal of Economics 13, no. 1 (Spring 1982): 206-13.

* Scott E. Masten, "The Organization of Production: Evidence from the Aerospace Industry," Journal of Law and Economics 27 (October 1984): 403-17.

* Brian S. Silverman, Jackson A. Nickerson, and John Freeman, "Profitability, Transactional Alignment, and Organizational Mortality in the U.S. Trucking Industry," Strategic Management Journal 18 (Summer 1997): 31-52.

* Paul L. Joskow, "Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets," American Economic Review 77 (March 1987): 168-85.

+ Kyle J. Mayer and Nicholas S. Argyres, "Learning to Contract: Evidence from the Personal Computer Industry," Organization Science 15, no. 4 (August 2004): 394–410.

+ Michael G. Jacobides and Sidney G. Winter, "The Co-evolution of Capabilities and Transaction Costs: Explaining the Institutional Structure of Production," Strategic Management Journal 26 (2005): 395-413.