Transaction Cost Economics

Booknews

Deriving from challenges to the prevailing orthodoxy in law and organizational theory as well as economics, transaction cost economics began to take shape about 25 years ago, and numerous applications have already been made, with new uses continuing to appear. Volume I: Theory and Concepts contains 26 articles organized in six parts: classics; rudiments; private ordering and credibility; contracts and organization; internal organization; and prospects and retrospective. Volume II: Policy and Applications contains 23 articles in four parts: vertical integration; contracting; regulation and positive political economy; and antitrust. Each volume contains an introduction to the included literature. Indexed by name only. Distributed by Ashgate. Annotation c. Book News, Inc., Portland, OR (booknews.com)