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Cited by 6,438

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

The Economics of Organization: The Transaction Cost Approach

Williamson, Oliver E.·1981·American Journal of Sociology
DOI 10.1086/227496
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Abstract

The transaction cost approach to the study of economic organization regards the transaction as the basic unit of analysis and holds that an understanding of transaction cost economizing is central to the study of organizations. Applications of this approach require that transactions be dimensionalized and that alternative governance structures be described. Economizing is accomplished by assigning transactions to governance structures in a discriminating way. The approach applies both to the determination of efficient boundaries, as between firms and markets, and to the organization of internal transactions, including the design of employment relations. The approach is compared and contrasted with selected parts of the organization theory literature.

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Metadata

Authors
Williamson, O. E.
Venue
American Journal of Sociology
Publisher
University of Chicago Press
Published
1981-11
Volume
87
Issue
3
Pages
548-577
ISSN
  • 0002-9602 (ISSN-L)
  • 1537-5390
DOI
10.1086/227496
OpenAlex
W1972698480
Cited by
6,438
References
1
FWCI
28.46
Type
journal article
Language
en
Open access
closed

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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