Since its emergence in the 1970s, transaction cost economics (TCE) has become a leading approach in the research on contracts, firm organization and strategy, antitrust, marketing, inter-firm collaboration and entrepreneurship. With contributions by leading scholars in economics, law and...

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...

Voting is a common feature of most firms. Unrestricted voting, however, can lead to unstable decision-making. The authors find that firms make trade-offs among collective decision-making, production scale, firm structure, and voter characteristics that are consistent with efforts to economize on...