Comparative Economic Organization: The Analysis of Discrete Structural Alternatives
Abstract
Oliver E. Williamson University of California, Berkeley 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...
Paper Details
Title
Comparative Economic Organization: The Analysis of Discrete Structural Alternatives
Published Date
Jun 1, 1991
Volume
36
Issue
2
Pages
269 - 269
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