【Speaker】Oliver Williamson, 2009 Nobel Prize for EconomicsLaureate
【Topic】Transaction Cost Economics in Historical Perspective (and the Road to the Nobel Prize)
【Time】10:00-11:30am, 2010-06-29, Tuesday
【Venue】Auditorium Room, Weilun Building, Tsinghua SEM
【尝补苍驳耻补驳别】贰苍驳濒颈蝉丑
【Organizer】Center for Corporate Governance, Tsinghua SEM
Background Information
Oliver Eaton Williamson(born September 27, 1932) is an American author in the area ofeconomics, a student of,and. From 1965 to 1983 he was a professor at the University of Pennsylvania and from 1983 to 1988, Gordon B. Tweedy Professor of Economics of Law and Organization at. He has held professorships in business administration, economics, and law at thesince 1988. In 2009 he was awarded thefor "his analysis of economic governance, especially the boundaries of the firm", sharing it with.
His focus on the costs of transactions has led Williamson to distinguish between repeated case-by-case bargaining on the one hand and relationship-specific contracts on the other. For example, the repeated purchasing of coal from ato meet the daily or weekly needs of anwould represent case by case bargaining. But over time, the utility is likely to form ongoing relationships with a specific supplier, and the economics of the relationship-specific dealings will be importantly different, he has argued.
Books published
·Markets and Hierarchies: Analysis and Antitrust Implications, 1975
·The Economic Institutions of Capitalism, 1985
·The Mechanisms of Governance, 1996
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