Case Studies in Contracting and Organization by Scott E. MastenCase Studies in Contracting and Organization by Scott E. Masten

Case Studies in Contracting and Organization

EditorScott E. Masten

Paperback | November 1, 1995

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Case Studies in Contracting and Organization is an edited collection of empirical studies from the transaction-cost economics literature on contracting and organization. Derived from the work of Ronald Coase, 1991 winner of the Nobel Prize in Economics, Olive Williamson, and othertransaction-cost economists, the studies explore such fundamental organizational issues as the role of reputation, the purpose and limitations of contracts, the nature and boundaries of the firm, and the evolution and role of hybrid organizational forms such as franchising, leasing, and jointventures. Industries covered include aerospace, automotive, electric power generation, fast food, natural gas, ocean shipping, petroleum, coke refining, rail transportation, soft drink distribution, shoe manufacturing, and tuna processing. An introductory chapter provides an overview oftransaction-cost reasoning and a summary of each study's contributions to our understanding of the problem of economic organization. The relatively nontechnical nature of the readings makes the book accessible to business and law students as well as advanced undergraduate and graduate students ofeconomics.
Scott E. Masten is at University of Michigan.
Title:Case Studies in Contracting and OrganizationFormat:PaperbackDimensions:360 pages, 6.14 × 9.17 × 0.91 inPublished:November 1, 1995Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:019509252X

ISBN - 13:9780195092523


Table of Contents

1. IntroductionPart I. Contracting2. Robert C. Ellickson: A Hypothesis of Wealth-Maximizing Norms: Evidence from the Whaling Industry3. Thomas M. Palay: Comparative Institutional Economics: The Governance of Rail Freight Contracting4. Victor P. Goldberg and John P. Erickson: Quantity and Price Adjustment in Long-Term Contracts: A Case Study of Petroleum Coke5. Scott E. Masten and Keith J. Crocker: Efficient Adaptation in Long-Term Contracts: Take-or-Pay Provisions for Natural Gas6. Paui L. Joskow: Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets7. Stephen Craig Pirrong: Contracting Practices in Bulk Shipping Markets: A Transaction Cost ExplanationPart II. Vertical Integration8. Benjamin Klein: Vertical Integration as Organizational Ownership: The Fisher Body-General Motors Relationship Revisited9. Kirk Monteverde and David J. Teece: Supplier Switching Costs and Vertical Integration in the Automobile Industry10. Scott E. Masten: The Organization of Production: Evidence from the Aerospace IndustryPart III. Hybrids11. Edward C. Gallick: Exclusive Dealing and Vertical Integration: The Efficiency of Contracts in the Tuna Industry12. Scott E. Masten and Edward A. Snyder: United States vs. United Shoe Machinery Corporation: On the Merits13. Timothy J. Muris, David T. Scheffman, and Pablo T. Spiller: Strategy and Transaction Costs: The Organization of Distribution in the Carbonated Soft Drink Indstry14. Patrick J. Kaufman and Francine Lafontaine: Costs of Control: The Source of Economic Rents for McDonalds Franchises