Transaction Cost Economics and Beyond
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A01=Michael Dietrich
analysis
asset
Author_Michael Dietrich
bounded
Category=KCD
Conglomerate Development
costs
economic institutions
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
External Capital Market
firm boundaries
firm structure and behaviour analysis
framework
governance
Governance Structure Costs
Human Asset Specificity
Informational Complexity
Internalisation Arguments
Intra-firm Organisation
managerial decision making
Market Based Resource Allocation
organisational theory
Part III
Private Sector Failure
Profit Maximising Theory
rationality
reasoning
Residual Claim Status
resource allocation theory
Short Run Profit Maximisation
Special Case Status
specificity
structure
Techno Economic Paradigm
Transaction Cost
Transaction Cost Economics
Transaction Cost Explanation
Transaction Cost Framework
Transaction Cost Reasoning
Transaction Cost Theorists
Transaction Organisation Costs
UK Manufacture Industry
vertical integration
Wider Institutional Factors
Williamsonian Framework
Product details
- ISBN 9780415071550
- Weight: 476g
- Dimensions: 152 x 229mm
- Publication Date: 10 Mar 1994
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich 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.
Michael Dietrich lectures in economics and business policy at Sheffield University Management School. He has published papers and articles in areas such as the organisation of the firm and corporate restructuring in Europe. He is joint editor (with Ash Amin) of Towards a new Europe?
