Text

Comparative Economic Organization: The Analysis of Discrete Structural Alternatives

---

This paper combines institutional economics with aspects of contract law and organization theory to identify and explicate the key differences that distinguish three generic forms of economic organization-market, hybrid, and hierarchy. The analysis shows that the three generic forms are distinguished by different coordinating and control mechanisms and by different abilities to adapt to disturbances. Also, each generic form is supported and defined by a distinctive type of contract law. The cost-effective choice of organization form is shown to vary systematically with the attributes of transactions. The paper unifies two hitherto disjunct areas of institutional economics-the institutional environment and the institutions of governance-by treating the institutional environment as a locus of parameters, changes in which parameters bring about shifts in the comparative costs of governance. Changes in property rights, contract law, reputation effects, and uncertainty are investigated.

---

Availability

KP 7,0043

366 WIL C

Perpustakaan Komnas Perempuan (Rak Manajemen Ekonomi)

Available

Detail Information

Series Title

-

Call Number

366 WIL C

Publisher

San Francisco : Internasonal center for economic growth., 1994

Collation

46 hlm; 24 cm

Language

ISBN/ISSN

1-55815-345-4

Classification

366

Content Type

-

Media Type

-

Carrier Type

-

Edition

-

Subject(s)

ilmu ekonomi

Specific Detail Info

-

Statement of Responsibility

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment