Contents
PREFACE
PROLOOUE
1. Antecedents from the 1930s
2. The Next Thirty Years
3.An Overview
CHAPTER I. Transaction Cosi Economics
1. Transaction Cost
2. A Cognitive Map of Contract
3. The World of Contract
4. A Simple Contracting Schema
5. Economic Organization of the Company Town
6. Applications
7. Concluding Remarks
CHAPTER 2. Contractual Man
I. Behavioral Assumptions
2. Dimensions
3. The Fundamental Transformation
Appendix: Opportunism: A Digression
CHAPTER 3. The Governance of Contractual Relations
1. Contracting Traditions
2. Efficient Governance
3. Uncertainty
4. Measurement
5. The Distribution of Transactions
CHAPTER 4. Vertical Integration: Theory and Policy
1. Technological Determinism
2. A Heuristic Model
3. Further Implications
4. Vertical Merger Guidelines
CHAPTER 5. Vertical Integration: Some Evidence
1. Types of Evidence
2. Mundane Integration
3. Forward Integration into Distribution
4. Lateral Integration
5. Backward Integration
6. Some Remarks About Japanese Manufacture
7. Some Alternative Explanations
8. Concluding Remarks
CHAPTER 6. The Limits of Firms: Incentive and Bureaucratic Features
1. A Chronic Puzzle
2. Integration of an Owner-Managed Supply Stage
3. Acquisition of a Supply Stage in Which Ownership and Management Are Separated
4. The Costs of Bureaucracy
5. Low-Powered Incentives in Markets
6. Ilustrative Examples
7. Concluding Remarks
CHAPTER 7. Credible Commitments I: Unilateral Applications
1. Private Ordering
2. Credible Commitments
3. The Hostage Model
4. Engaging the Supplier
5. Unilateral Trading Applications
6. Schwinn
CHAPTER 8. Credible Commitments II: Bilateral Applications
1. Reciprocity
2. The Hostage Model Extended
3. Petroleum Exchanges
4. Concluding Remarks
CHAPTER 9. The Organization of Work
1. The Radical Account of Hierarchy
2. Transaction Cost Aspects
3. A Comparative institutional Framework
4. A Comparative institutional Assessment
5. Power Versus Efflciency
6. Concluding Remarks
CHAPTER 10. The Organization of Labor
1. Central Issues
2. An Abstract Approach
3. Union Organization
4. Problematic Features of Union Organization
5. The Producer Cooperatíve Dilemma
6. Dignity
7. Concluding Remarks
CHAPTER 11. The Modern Corporation
1. Railroad Organizazion
2. The M-Form Innovation
3. Applications: Conglomerate and Multinational Enterprise
4. Concluding Remarks
CHAPTER 12. Corporate Governance
1. Background
2. A Contractual Assessment
3. Management as a Constituency
4. Managerial Discretion and Organization Form
5. Concluding Remarks
CHAPTER 13. Franchise Bidding for Natural Monopoly
1. Introduction
2. The Simple Franchise Bidding Scheme
3. Franchise Bidding Elaborated
4. A Case Study
S. Concluding Remarks
Appendix: The Oakland CATV Franchise Bidding Experience
CHAPTER 14. Antitrust Enforcement
1. Merger PoIicy
2. Nonstandard Contracting
3. Strategic Behavior
4. Unresolved Dilemmas
5. Concluding Remarks
CHAPTER 15.Conclusions
1. Transaction Cost Economics
2. Economics
3. Lati
4. Organization
5. Postscript
BIBLIOGRAPHY
AUTHOR INDEX
SUBJECT INDEX
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