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Williamson (1991) - Comparative Economic Organization The Analysis Of Discrete Structural Alternatives (view source)
Revision as of 20:42, 17 June 2010
, 20:42, 17 June 2010→Contract Law
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==
