The Economics of Transaction Costs, Rao

Автор: Williamson Oliver Eaton & Chen Gengxuan
Название: Contract, Governance And Transaction Cost Economics
ISBN: 9813202076 ISBN-13(EAN): 9789813202078
Издательство: World Scientific Publishing
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Цена: 12830.00 р.
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Описание:

This book brings together a collection of seven papers on Transaction Cost Economics by Nobel Laureate Professor Oliver E Williamson. The applications of Transaction Cost Economics are extensive, ranging from the field of industrial organization and applied fields of economics such as labor, public finance, comparative economic systems and economic development, to the business fields of strategy, organizational behavior, marketing, finance, operations management, and accounting. In short, as Williamson states, "any problem that originates as or can be reformulated as a contracting problem can be examined to advantage in transaction cost economizing terms."

What is referred to as New Institutional Economics is developed in the West in two mainly complementary ways: Property Rights Theory, and Transaction Cost Economics. Of the two, Property Rights Theory developed more rapidly. Transaction Cost Economics has nonetheless taken shape of late.

In China, research on New Institutional Economics began in the 1990s and has grown rapidly since. China has similarly given much more attention to Property Rights Theory. Gengxuan Chen, the editor of this volume, recommends that China will benefit by bringing Transaction Cost Economics to bear. Simultaneously, for scholars who study the market economy, Transaction Cost Economics provides a very attractive way to explain the practice of the Chinese market economy.

Автор: Murray
Название: Power Markets and Economics: Energy Costs, Trading, Emissions
ISBN: 0470779667 ISBN-13(EAN): 9780470779668
Издательство: Wiley
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Цена: 14248.00 р.
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Описание: Power Markets and Economics examines electricity markets around the world focusing on appropriate market structures and mechanisms, forecasting and investment opportunities. The book starts by introduces the industry infrastructure, analysing state utilities and the motives behind liberalisation and the resulting structures.