“Software platforms are the invisible engines that have created, touched, or transformed nearly every major industry for the past quarter century. They power everything from mobile phones and automobile navigation systems to search engines and web portals. They have been the source of enormous...

This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) and suggests a holistic framework for analysis of agrarian contracts. First, it specifies type and importance of...

Economic organizations represent order and structure. They may be characterized as coalitions of agents bound by multilateral contracts. When a new organization is formed, new information comes into being. This paper defines and measures the amount of information which an economic organization...

We develop a formal model with transaction costs and economies of labor specialization to address the firm size and the level of social division of labor. We show that the decline of firm size and the increase of the level of social division of labor may concur. We also demonstrate that an...

We develop a formal model with transaction costs and economies of labor specialization to address the firm size and the level of social division of labor. We show that the decline of firm size and the increase of the level of social division of labor may concur. We also demonstrate that an...

Dozens of people worked together to produce Casablanca. But a single person working alone wrote The Sound and the Fury. While almost all films are produced by large collaborations, no great novel ever resulted from the work of a team. Why does the frequency and success of collaborative creative...

Even as advances in information theory over the last quarter century have cast increasing doubt on the proposition that firms successfully maximize profits, the objective of profit maximization continues to be an axiomatic feature of the neoclassical theory of the firm. This paper attempts to...

Interorganizational trust is an important factor affecting the actions and performance of organizations engaged in strategic alliances and in other dyadic and network relationships. In this article, we examine and consolidate the empirical scholarship on interorganizational trust in the...

To date, much of the literature on institutional economics has relied on abstract metaphors based in exchange. Thus, Williamson introduced the fundamental insights surrounding his “transaction costs” model and discussed the governance of contracts in exchange relationships. Yet organizations...