Markets and Hierarchies: Analysis and Antitrust Implications

Published on Jan 1, 1983
Oliver E. Williamson67
Estimated H-index: 67
  • References (0)
  • Citations (5097)
📖 Papers frequently viewed together
3,494 Citations
5,968 Citations
16.8k Citations
78% of Scinapse members use related papers. After signing in, all features are FREE.
Cited By5097
This historical, longitudinal, and qualitative study draws upon a contingent view of trust to explain how asymmetric power causes trust structures to move from trust equilibrium to trust disequilibrium and triggers strategic trust-pursuing actions. We conclude that a trustor firm has the dominant and manipulating power in an asymmetric power network to extract maximal value in a systematic way, thereby causing trustee firms to adopt strategic trust-pursuing actions to buffer the trustor's power....
#1Richard Oloruntoba (University of Newcastle)H-Index: 13
#2Gazi Farid Hossain (University of Newcastle)H-Index: 1
Last. Beverly WagnerH-Index: 20
view all 3 authors...
Academic research on humanitarian operations (HO) is growing (Anaya-Arenas et al. in Ann Oper Res 223(1):53–79, 2014; Burkart et al. in Ann Oper Res 1–21, 2016; Duhamel et al. in Ann Oper Res 1–21, 2016). However, attention to and use of relevant theories in associated research is limited (Richey Jr in Int J Phys Distrib Logist Manag 39(7):619–628, 2009). Theories are valuable for cultivating a deeper scholarly understanding of a concept such as humanitarian operations. As such, this paper advoc...
23 CitationsSource
Gig work and other flexible labour practices have been subject to unprecedented levels of attention recently. While this topic has attracted significant interest from employment lawyers, it remains relatively underexplored from other pertinent legal and inter-disciplinary angles. This paper will adopt an alternative perspective on flexible work inspired by Coase's theory of the firm. Focusing on the implications of flexible work for the relative allocation of control, risk and reward within the ...
The purpose of this paper is to investigate how a B2B firm can improve its value appropriation from industrial buyer–seller relationships by leveraging its network capability, as well as the curvilinear moderating role of the firm’s network embeddedness.,This paper empirically examines seven research hypotheses about the relationship between network capability and value appropriation and the curvilinear moderating effect of network embeddedness based on a questionnaire survey among 232 Chinese B...
#1Luis Otero González (University of Santiago de Compostela)H-Index: 9
#2Alaa Razia (An-Najah National University)H-Index: 2
Last. Rubén Lado Sestayo (University of A Coruña)H-Index: 1
view all 4 authors...
Abstract This paper tests four related theories on the relationships among market structure, profitability, and efficiency using a stochastic frontier analysis and dynamic panel data for 201 banks in Middle East and North Africa (MENA) countries during the 2005–2012 period. The results show that neither the structure–conduct–performance hypothesis nor the efficient structure hypothesis holds in MENA countries. This finding has important implications, meaning that the performance of the financial...
Purpose The paper provides historical outlook on different trends in PPPs in global public policy. The purpose of this paper is to reject the essentialist and neoliberal approach to PPPs by critically evaluating both normative and empirical arguments within existing literature. Design/methodology/approach The paper draws its methodological lineages to nonlinear historical narrative around the concept and construction of the idea and language of “PPPs”. The paper follows discourse analysis (Fairc...
#1John Kay (University of Oxford)H-Index: 24
ABSTRACTThis article describes the origins, development, and effect of the markets and hierarchies approach to the theory of the firm. It argues that the approach gives no coherent account of the l...
#1Xun Xu (California State University, Stanislaus)H-Index: 3
#2Jonathan E. Jackson (PC: Providence College)H-Index: 4
Abstract The ever-evolving omni-channel retail environment provides customers with a variety of channels to select from when making purchases and returns. Despite the growing number of product returns, there is limited research that focuses on customers' perception of the return process in an omni-channel retail environment. To fill this gap, via an empirical analysis, this paper examines the influential factors on customers' return channel loyalty. Our structural equation modeling results found...
Summary It may be surprising that one of the most popular compensation schemes in business is so open to being hacked – to having managers cheat to win. We explore tournament theory to detail its vulnerabilities to various forms of cheating unilateral and multilateral. We identify who is most likely to be involved and under what conditions. We describe the costs to the victims, to the firm, and to society. We outline the possible strategic effects – in terms of firm performance. And, we discuss ...