Transaction cost economics and the Carnegie connection

Article Abstract:

Richard Cyert and other colleagues at Carnegie Mellon University sought to correct the misconception that economics is a self-contained discipline of the social sciences. In fact, Cyert and James G. March's 'The Behavioral Theory of the Firm' created a bridge between economics and organizations theory and to the behavioral sciences. Carnegie also linked two very basic and seemingly incongruous research areas, one dealing with bounded rationality, organization theory and behavioral economics and the other dealing with rational expectations and efficient markets. It imparted a research approach that is interdisciplinary, disciplined and intellectually stimulating.

Economics, Curricula, Study and teaching, Organizational behavior, Carnegie-Mellon University. Graduate School of Industrial Administration

---

Contested exchange versus the governance of contractual relations

Article Abstract:

Governance and economizing may be more effective paths to take for effective economic organization than contested exchange and power. Transaction cost economics show that in the long term, labor, management and finance must be considered simultaneously and not price in isolation. Furthermore, a governance structure should delineate debt finance and equity finance to illustrate that capital-seeking behavior is pervasive.

Analysis, Laws, regulations and rules, Public finance, Comparative economics

---

The facing boundaries of the firm: the role of information and communication technology

Article Abstract:

Recent research has looked at the way in which companies have become less well-defined entities over recent years. It has been found that it is no longer possible to assign mechanisms to organisational forms, especially against the background of the growing use of new information and communication technologies. These technologies are prompting the development of new organisational structures which are more effecient.

Management, Telecommunications systems, Corporations, Business enterprises

Similar abstracts:

• Abstracts: Pricing, exit, and location decisions of firms: evidence on the role of debt and operating efficiency. Is the IPO pricing process efficient?
• Abstracts: Patent scope, antitrust policy, and cumulative innovation. The crowding-out effects of long duration of patents
• Abstracts: The road most taken: the rise of Title VII protection. Two-sided expropriation and international equity contracts
• Abstracts: The Cuban economy: rectification in a changing world. Is low inflation an important condition for high growth?
• Abstracts: Partial adjustment and the permanent income hypothesis. Do protection, schooling, product per head and income distribution influence growth? A cross sectional analysis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.