[eng] How are extra costs resulting from the occurrence of unanticipated risks allocated in a procurement setting ? This paper develops a theoretical framework combining transaction cost economics with equity theory in order to explain why parties endorse cooperative strategies, basically a...

The seven volumes in the series cover the main aspects of research in the field, beginning with an overview of its analytical foundations in Volume 1. The subsequent volumes consider issues in transaction costs and property rights, the nature and role of contracts, the alternative modes of...

This important new book deals with some of the most fundamental issues of transaction cost economics. It focuses on the analysis of the internal nature and characteristics of organizations and on the subtle interactions between institutional environment and governance structures over time.

This outstanding book presents new original contributions from some of the world’s leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme...