Elgar Companion to Transaction Cost Economics

Edited by Peter G. Klein, Hankamer School of Business, Baylor University and Michael E. Sykuta, Associate Professor, Division of Applied Social Sciences and Director, Contracting and Organizations Research Institute, University of Missouri, Columbia, US

• Contents:PART I: INTRODUCTION1. Editors’ IntroductionPeter G. Klein and Michael E. Sykuta2. Transaction Cost Economics: An OverviewOliver E. Williamson3. Transaction Cost Economics and the New Institutional EconomicsPeter G. KleinPART II: PRECURSORS AND INFLUENCES4. Ronald H. CoaseMichael E. Sykuta5. Cyert, March, and the Carnegie SchoolMie Augier6. Chester BarnardJoseph T. Mahoney7. Commons, Hurst, Macaulay, and the Wisconsin Legal TraditionD. Gordon Smith8. F.A. HayekPeter G. Klein9. Herbert SimonSaras Sarasvathy10. Property Rights EconomicsNicolai J. FossPART III: FUNDAMENTAL CONCEPTS11. The Costs of ExchangeAlexandra Benham and Lee Benham12. Asset Specificity and HoldupsBenjamin Klein13. The Transaction as the Unit of AnalysisNicholas Argyres14. Bounded Rationality and Organizational EconomicsNicolai J. Foss15. Economizing and StrategizingJackson A. Nickerson and James C. Yen16. Empirical Methods in Transaction Cost EconomicsMichael E. SykutaPART IV: APPLICATIONS17. Vertical IntegrationPeter G. Klein18. Hybrid OrganizationsClaude Ménard19. FranchisingSteven C. Michael20. The Structure of Franchise ContractsEmmanuel Raynaud21. Strategy and Transaction CostsLaura Poppo22. Labour Economics and Human Resource ManagementBruce A. Rayton23. The Chicago School, Transaction Cost Economics, and AntitrustJoshua D. Wright24. Financial-Market ContractingDean V. WilliamsonPART V: ALTERNATIVES AND CRITIQUES25. Critiques of Transaction Cost Economics: An OverviewNicolai J. Foss and Peter G. Klein26. Subjectivism, Understanding, and Transaction CostsFu-Lai Tony Yu27. Austrian Economics and the Theory of the FirmNicolai J. Foss and Peter G. Klein28. Limits of Transaction Cost AnalysisGeoffrey M. HodgsonIndex

‘Not too long ago it was possible to be familiar with all of the important works and latest developments in transaction cost economics. That that is no longer the case is a testament to the intellectual appeal and empirical success of the transaction cost approach. For newcomers, the entries in this volume, by some of TCE’s most knowledgeable and eloquent contributors, offer an excellent introduction to the issues, methods, discoveries, and debates in the field; for veterans, the volume provides a highly valuable resource for catching up on the newest research.’