• Publications
  • Influence
Comparative Economic Organization: The Analysis of Discrete Structural Alternatives
Oliver E. Williamson University of California, Berkeley This paper combines institutional economics with aspects of contract law and organization theory to identify and explicate the key differences
Transaction-Cost Economics: The Governance of Contractual Relations
  • O. Williamson
  • Economics
    The Journal of Law and Economics
  • 1 October 1979
THE new institutional economics is preoccupied with the origins, incidence, and ramifications of transaction costs. Indeed, if transaction costs are negligible, the organization of economic activity
The mechanisms of governance
This book brings together in one place the work of one of our most respected economic theorists, on a field which he has played a large part in originating: the New Institutional Economics.
The New Institutional Economics: Taking Stock, Looking Ahead
This paper examines the progressive development of the new institutional economics over the past quarter century. It begins by distinguishing four levels of social analysis, with special emphasis on
The Economics of Organization: The Transaction Cost Approach
  • O. Williamson
  • Economics, Business
    American Journal of Sociology
  • 1 November 1981
The transaction cost approach to the study of economic organization regards the transaction as the basic unit of analysis and holds that an understanding of transaction cost economizing is central to
Markets and hierarchies, analysis and antitrust implications : a study in the economics of internal organization
This study analyzes organization of economic activity within and between markets and hierarchies. It considers the transaction to be the ultimate unit of microeconomic analysis, and defines