Contracts, Co-operation, and Competition: Studies in Economics, Management, and Law

Hardcover | November 1, 1997

EditorSimon Deakin, Jonathan Michie

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The economic theory of contract is being reshaped in ways which resonate with the findings of socio-legal contract scholars and of industrial economists and sociologists in the Marshallian tradition, who emphasise the 'embeddedness' of organizations within their social and culturalenvironment. Contractual co-operation is seen as depending on institutional factors which serve to enhance 'trust', and arrangements which in the past were criticized as the product of collusion are being reassessed as potentially efficient responses to market failure. An active debate has begun on how instruments of public policy can best be deployed to arrive at an effective balance between co-operation and competition. This affects both the competitiveness of private sector organizations and the success of deregulatory reforms in the public sphere. Theseissues are explored within four main areas: developments in private-sector contracting; contract and organization in the public sector; the economics of contract law; and competitiveness and competition policy.

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The economic theory of contract is being reshaped in ways which resonate with the findings of socio-legal contract scholars and of industrial economists and sociologists in the Marshallian tradition, who emphasise the 'embeddedness' of organizations within their social and culturalenvironment. Contractual co-operation is seen as depend...

Simon Deakin is a Lecturer, Faculty of Law, and Assistant Director, ESRC Centre of Business Research at University of Cambridge.

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Format:HardcoverDimensions:436 pages, 9.21 × 6.14 × 1.18 inPublished:November 1, 1997Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:019829266X

ISBN - 13:9780198292661

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Table of Contents

Foreword1. Simon Deakin and Jonathan Michie: The Theory and Practice of ContractingPart I. Trust, Co-operation, and Competition2. Bruce Lyons and Judith Mehta: Private Sector Business Contracts: The Text Between the Lines3. Peter Buckley and Malcolm Chapman: A Longitudinal Study of the Management of Co-operative Strategies4. Dan Coffey, Peter Nolan, Richard Saundry, and Malcolm Sawyer: Regulatory Change in the British Television Industry: Effects on Productivity and Competition5. Simon Deakin, Christel Lane, and Frank Wilkinson: Contract Law, Trust Relations, and Incentives for Co-operation: A Comparative StudyPart II. Public Sector Contracting and Quasi-Markets6. Peter Vincent-Jones: Hybrid Organization and Contractual Governance in the Provision of Local Authority Services7. Jonathan Montgomery: Control and Restraint in NHS Contracting8. Jean McHale: Conceptualizing Contractual Disputes in the NHS Internal Market9. Richard Laughlin and Jane Broadbent: Contracts, Competition, and Accounting in Health and Education: Juridification at Work?Part III. Contract Law and Economic Analysis10. Roger Brownsword: Contract Law, Co-operation, and Good Faith: The Movement from Static to Dynamic Market-Individualism11. Hugh Collins: Quality Assurance and Contractual Practice12. David Campbell: The Relational Constitution of Contract and the Limits of `Economics'Part IV. Industrial Structure, Contracts, and Competition13. Simon Deakin, Tom Goodwin, and Alan Hughes: Co-operation and Trust in Inter-Firm Relations: Beyond Competition Policy?14. Alan Gutterman: Inter-Firm Co-operation, Competition Law, and Patent Licensing: A USEC Comparison15. Steve Anderman: Commercial Co-operation, International Competitiveness, and EC Competition Policy