Firms, Organizations and Contracts: A Reader in Industrial Organization

Paperback | November 1, 1993

EditorPeter J. Buckley, Jonathan MichieForeword byRonald Coase

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What is a firm? Why do firms exist? How is production and administration best co-ordinated? What are the reasons for vertical integration? And disintegration? Is there a conflict between establishing and developing long-term relationships on the one hand, and the operation of free marketcompetition on the other? Is there a choice between markets and hierarchies? What about networks and clans? These questions continue to be explored with economics, management, sociology and other related disciplines.Firms, Organizations and Contracts brings together the best inter-disciplinary analysis of the topic, and contains classic contributions and material not normally seen by those outside their own particular disciplines. It combines pioneer articles with more recent discussions of an area attractinggrowing attention amongst those studying industrial organization - whether on courses in economics, management, strategy, organization, law or public administration.The volume includes Coase's initial enquiry into `The Nature of the Firm' and Ouchi's analysis of `Markets, bureaucracies and clans'; Kaldor's questioning of `The Nature of the Firm' and Dore's discussion of `Goodwill and the spirit of market capitalism'.This book will be an invaluable tool for students in economics, management and sociology. In view of the growing use of contracts within the public sector, and within the private regulated sector, the book also sets out some of the key issues of concern to policy makers and public sectorstrategists.

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What is a firm? Why do firms exist? How is production and administration best co-ordinated? What are the reasons for vertical integration? And disintegration? Is there a conflict between establishing and developing long-term relationships on the one hand, and the operation of free marketcompetition on the other? Is there a choice ...

Peter Buckley is at University of Leeds. Jonathan Michie is at Judge Institute of Management Studies, Cambridge.

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Format:PaperbackDimensions:488 pages, 9.21 × 6.14 × 1.06 inPublished:November 1, 1993Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198774362

ISBN - 13:9780198774365

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Table of Contents

Coase: ForewordIntroduction and Overview: I: Theory of the FirmKaldor: The Equilibrium of the FirmCoase: The Nature of the FirmRichardson: The Organization of IndustryAlchain and Demsetz: Production, Information, and Economic OrganizationJensen and Meckling: The Theory of the Firm: Managerial Behaviour, Agency Costs, and Ownership StructureHart: An Economist's Perspective on the Theory of the FirmII: Markets and Industrial OrganizationWilliamson: Transaction Cost EconomiesKreps: Corporate Culture and Economic TheoryMariti and Smiley: Co-operative Agreeements and the Organization of IndustryImai and Itami: Interpenetration of Firm and MarketBlois: Vertical Quasi-IntegrationMacaulay: Non-Contractual Relations in Business: A Preliminary StudyDore: Goodwill and the Spirit of Market CapitalismIII: Joint Ventures, Networks, Clans, and AlliancesPfeffer and Nowak: Joint Ventures and Interorganizational DependenceBuckley and Casson: A Theory of Co-operation in International BusinessMiles and Snow: Organizations: New Concepts for New FormsOuchi: Markets, Bureaucracies, and ClansMilgrom and Roberts: Economic Theories of the Firm: Past, Present, and Future