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PREFACE
PROLOGUE
I. Antecedents fromthe1930s
2. TheNextThirty YearJ
3. AnOverview
CHAPTER I. Transaction CostEconomics
I.TransactionCosts
2.ACognitiveMap of Contract
3.TheWorld ofContract
4.ASimpleContractingSchema
5.EconomicOrganization of theCompanyTown
6. Applications
7.ConcludingRemarks
CHAPTER 2. ContractualMan
I. Behavioral Assumptions
2. DimensionJ
3.TheFundamentalTransformation
Appendix:Opportunism:ADigression
xi
15
43
vii
CHAPTER 8.Credible Commitments II:BilateralApplications
I.Reciprocity
CHAPTER 4.VerticalIntegration:TheoryandPolicy
I. Technological Determinism
2.AHeuristicModel
3.Further Implications
4.VerticalMerger Guidelines
CHAPTER 3.TheGovernance of ContractualRelations
I. ContractingTraditions
2.EfficientGovernance
3.Uncertainty
4.Measurement
5.TheDistribution of Transactions
68
85
190
131
163
103
CHAPTER 7.Credible Commitments I:UnilateralApplications
I.PrivateOrdering
2.Credible Commitments
3.TheHostage Model
4.Engagingthe Supplier
5.UnilateralTrading Applications
6.Schwinn
CHAPTER 6.TheLimitsofFirms:IncentiveandBureaucratic
Features
I.AChronicPuzzle
2.Integration of an Owner-Managed SupplyStage
3.Acquisition of aSupplyStageinWhich Ownership and
ManagementAre Separated
4.TheCosts of Bureaucracy
5. Low-Powered Incentives inMarkets
6.IllustrativeExamples
7.ConcludingRemarks ...
CHAPTER 5.VerticalIntegration:SomeEvidence
I. Types of Evidence
2.MundaneIntegration
3.ForwardIntegrationintoDistribution
4.LateralIntegration
5. Backward Integration
6.SomeRemarksAbout Japanese Manufacture
7.Some Alternative Explanations
8.ConcludingRemarks
I.Reciprocity
2.TheHostageModelExtended
ix
240
206
326
273
298
Contents
CHAPTER 12.CorporateGovernance
I. Background
2.A Contractual Assessment
3.Managementasa Constituency
4.ManagerialDiscretionandOrganizationForm
5.ConcludingRemarks
CHAPTER 10.TheOrganizationofLabor
I. CentralIssues
2.AnAbstractApproach
3.UnionOrganization
4.ProblematicFeatures of UnionOrganization
5.TheProducerCooperativeDilemma
6.Dignity
7.ConcludingRemarks
3.PetroleumExchanges
4.ConcludingRemarks
CHAPTER 13.FranchiseBiddingforNaturalMonopoly
I. Introduction
2.TheSimpleFranchiseBiddingScheme
3.FranchiseBiddingElaborated
4.ACaseStudy
5.ConcludingRemarks
Appendix:TheOaklandCATVFranchiseBidding
Experience
CHAPTER II. TheModemCorporation
I. Railroad Organization
2.TheM-FormInnovation
3. Applications: ConglomerateandMultinationalEnterprise
4.ConcludingRemarks
CHAPTER 9.TheOrganizationofWork
I. The Radical Account ofHierarchy
2.TransactionCostAspects
3.AComparative Institutional Framework
4.AComparative Institutional Assessment
5.PowerVersusEfficiency
6.ConcludingRemarks
365 CHAPTER 14.AntitrustEnforcement
I.MergerPolicy
2. Nonstandard Contracting
X CONTENTS
3.StrategicBehavior
4.UnresolvedDilemmas
5.Concluding Remarks
CHAPTER 15. Conclusions
I. TransactionCostEconomics
2.Economics
3. Law
4. Organization
5.Postscript
BIBLIOGRAPHY
AUTHOR INDEX
SUBJECT INDEX
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409
437
442