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Williamson (1991) - Comparative Economic Organization The Analysis Of Discrete Structural Alternatives (view source)
Revision as of 19:15, 29 September 2020
, 19:15, 29 September 2020no edit summary
{{Article
|Has page=Williamson (1991) - Comparative Economic Organization The Analysis Of Discrete Structural Alternatives
|Has bibtex key=
|Has article title=Comparative Economic Organization The Analysis Of Discrete Structural Alternatives
|Has author=Williamson
|Has year=1991
|In journal=
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|In number=
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*This page is referenced in [[BPP Field Exam Papers]]
Williamson, Oliver (1991), "Comparative Economic Organization: The Analysis of Discrete Structural Alternatives", Administrative Science Quarterly, Vol. 36, No. 2. pp. 269-296 [http://www.edegan.com/pdfs/Williamson%20(1991)%20-%20Comparative%20Economic%20Organization%20The%20Analysis%20of%20Discrete%20Structural%20Alternatives.pdf pdf]
@article{williamson1991comparative,
title={Comparative economic organization: The analysis of discrete structural alternatives},
author={Williamson, O.E.},
journal={Administrative science quarterly},
pages={269--296},
year={1991},
publisher={JSTOR}
}
==Abstract==
Williamson again puts forward forms of contract law:
*Classical Contract Law (covered in [[Williamson (1979) - Transaction Cost Economics | Williamson (1979)]])
*NeoClassical Contract Law (new material covered below)
Arbitration is very costly, and the range of disturbances it can support is limited. As disturbances get very large, this framework is no longer optimal.
==Forebearance==
==Comparative statics===
Noting that the choices are discrete, the paper provides some 'comparative statics' with respect to property rights, expropriation, contract law, reputation effects and uncertainty.
