Why organizations matter: A journey away from the fairy tale

Atlantic Economic Journal

Volumn 24, Issue 4, 1996, Pages 281-300

  Menard, Claude ^a  

^a UNIVERSITÉ PARIS 1 PANTHÉON SORBONNE   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33746963723     PISSN: 01974254     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF02298432     Document Type: Article

References (90)

1. Aghion, Philippe; Tirole, Jean. "Formal and Real Authority in Organizations," working paper, IDEI, 1994.
2. Akerlof, George. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, 97, 1982, pp. 543-69.
3. Alchian, Armen. "Specificity, Specialization, and Coalitions," Journal of Institutional and Theoretical Economics, 140, March 1984, pp. 34-49.
4. Alchian, Armen; Demsetz, Harold. "Production, Information Costs, and Economic Organization," American Economic Review, 62, 5, 1972, pp. 777-95.
5. Alchian, Armen; Woodward, Susan. "The Firm is Dead. Long Live the Firm," Journal of Economic Literature, 26, 1, 1988, pp. 65-79.
6. Aoki, Masahiko, ed. The Economic Analysis of the Japanese Firm, Amsterdam, Holland: North Holland, 1984a.
7. _. The Cooperative Game Theory of the Firm, Oxford, United Kingdom: Clarendon Press, 1984b.
8. _. Information, Incentives and Bargaining in the Japanese Economy, Cambridge, United Kingdom: Cambridge University Press, 1988.
9. _. "Toward an Economic Model of the Japanese Firm," Journal of the Economic Literature, 28, 1, 1990, pp. 1-27.
10. Barnard, Chester. The Functions of the Executive, Cambridge, MA: Harvard University Press, 1938.
11. Beckmann, Martin. Tinbergen Lectures on Organization Theory, New York, NY: Springer-Verlag, 1988.
12. Berle, Adolf; Means, Gardiner. The Modern Corporation and Private Property, New York, NY: Commerce Clearing House, 1932.
13. Bouttes, Jean Paul; Hamamdjian, Pascal. "Contractual Relationships Within the Firm," in Claude Menard, ed., Transaction Cost Economics: Recent Developments, Cheltenham, United Kingdom: Edward Elgar Publishing, 1997 (forthcoming).
14. Chaves-Fereira, Bruno. "Coordination Between Network Industry Operators in a Light-Handed Model of Regulation: Application to the New Zealand Telecommunications Industry," working paper, Centre ATOM, 1995.
15. Cheung, Steven. "The Contractual Nature of the Firm," Journal of Law and Economics, 26, 1, 1983, pp. 1-22.
16. Coase, Ronald. "The Nature of the Firm," Economica, 2, 1, 1937, pp. 386-405. (Reprinted in Williamson and Winter [1991].)
17. _. "The Problem of Social Cost," Journal of Law and Economics, 3, October 1960, pp. 1-44.
18. _. "The Nature of the Firm: Origin, Meaning, and Influence," Journal of Law, Economics and Organization, 4, 1, 1988, pp. 3-59. (Reprinted in Williamson and Winter [1991].)
19. Davis, Lance; North, Douglass C. Institutional Change and American Economic Growth, Cambridge United Kingdom: Cambridge University Press, 1971.
20. Demsetz, Harold. "The Theory of the Firm Revisited," Journal of Law, Economics, and Organization, 4, 1, 1988, pp. 141-61. (Reprinted in Williamson and Winter [1991].)
21. Fama, Eugene. "Agency Problems and the Theory of the Firm," Journal of Political Economy, 88, 1, 1980, pp. 288-307.
22. Fama, Eugene; Jensen, Michael. "Separation of Ownership and Control," Journal of Law and Economics, 26, 2, 1983, pp. 301-25.
23. Furubotn, Erik; Richter, Rudolf. "The New Institutional Economics: An Assessment," Journal of Institutional and Theoretical Economics, 1991, pp. 1-32
24. Glachant, JeanMichel. "Le pool d'électricité en Angleterre et au pays de Galles: un marché incomplet sous administration publique et privée," working paper, Centre ATOM, 1996.
25. Grossman, Stanley; Hart, Oliver. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, 94, 4, 1986, pp. 691-719.
26. Hart, Oliver; Moore, John. "Property Rights and the Nature of the Firm," Journal of Political Economy, 98, 6, 1990, pp. 1119-58.
27. Hirschleifer, Jack. Price Theory and Application, Englewood Cliff, NJ: Prentice Hall, 1988.
28. Holmstrom, Bengt. "Moral Hazard in Teams," Bell Journal of Economics, 13, 1982, pp. 324-42.
29. Holmstrom, Bengt; Milgrom, Paul. "Multi-Task Principal-Agent Analysis," Journal of Law, Economics and Organization, 7, special issue, 1991, pp. 24-52.
30. _. "The Firm as an Incentive System," American Economic Review, 84, 4, 1994, pp.972-91.
31. Holmstrom, Bengt; Tirole, Jean. "The Theory of the Firm," in Richard Schmalensee; Ronald Willig, eds., Handbook of Industrial Organization, Amsterdam, Holland: North Holland, 1989, Vol. 1, pp. 63-133.
32. Itoh, Hideshi. "Job Design, Delegation and Cooperation: A Principal-Agent Analysis," European Economic Review, 38, 1994, pp. 691-700.
33. Jensen, Michael; Mechkling, William. "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure," Journal of Financial Economics, 1976, pp. 304-60.
34. Joskow, Paul. "Contract Duration and Relationship-Specific Investment: Empirical Evidence from the Coal Market," American Economic Review, 77, May 1987, pp. 168-75.
35. _. "Asset Specificity and the Structure of Vertical Relationship," Journal of Law, Economics and Organization, 4, 1, 1988, pp. 95-117. (Reprinted in Williamson and Winter [1991].)
36. Klein, Benjamin; Alchian, Armen; Crawford, Robert. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, 21, 2, 1978, pp. 297-326.
37. Koike, Kazuo. "Skill Formation Systems in the U.S. and Japan: A Comparative Study," in Masahiko Aiko, ed., The Economic Analysis of the Japanese Firm, Amsterdam, Holland: North Holland, 1984, pp. 47-76.
38. Kreps, David. A Course in Microeconomic Theory, Princeton, NJ: Princeton University Press, 1990.
39. Levy, Bryan; Spiller, Pablo. "The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation," Journal of Law, Economics and Organization, 10, 2, 1994, pp. 201-46.
40. Lotter, Francoise. "Coûts de transaction et fondements de l'intervention publique," Revue d'Economie Industrielle, 71, 1995, pp. 163-80.
41. Macneil, Ian R. "The Many Future of Contracts," Southern California Law Review, 47, May 1974, pp. 691-816.
42. Malcolmson, James. "Work Incentives, Hierarchy, and Internal Labor Markets," Journal of Political Economy, 92, 3, 1984, pp. 486-507.
43. March, James. "The Business Firm as a Political Coalition," Journal of Politics, 1962, pp. 662-78.
44. March, James; Simon, Herbert. Organizations, Oxford, United Kingdom: Basil Blackwell, 1958.
45. Marshall, Alfred. Principles of Economics, London, United Kingdom: Macmillan, 1920.
46. Masten, Scott. "A Legal Basis for the Firm," Journal of Law, Economics and Organization, 4, 1, 1988, pp. 196-212. (Reprinted in Williamson and Winter [1991].)
47. _. "Transaction Costs, Mistakes, and Performances. Assessing the Importance of Governance," Managerial and Decision Economics, 14, 2, 1993, pp. 119-29.
48. Masten, Scott; Meehan, James; Snyder, Edward. "The Costs of Organization," Journal of Law, Economics and Organization, 7 1, 1991, pp. 1-25.
49. Masten, Scott; Crocker, Keith. "Regulation and Administered Contracts Revisited: Lessons from Transaction Cost Economics for Public Utilities Regulation," working paper, 1994.
50. Menard, Claude. L'économie des organisations, Paris, France: La découverte, 1990.
51. _. "Comportement rationnel et coopération: le dilemme organisationnel," Cahiers d'économie politique, 24-25, 1994a, pp. 185-207.
52. _. "Organizations as Coordinating Devices," Metroeconomica, 45, 3, 1994b, pp. 224-47.
53. _. "Markets as Institutions vs Organizations as Markets. Disentangling Some Fundamental Concepts," Journal of Economic Behavior and Organization, 28, 3, 1995, pp. 161-82.
54. _. "Inside the Black Box," in John Groenewegen, ed., Transaction Cost Economics and Beyond, Amsterdam, Holland: Kluwer Academic Press, 1996a, pp. 149-70.
55. _. "Of Clusters, Hybrids, and Other Strange Forms," Journal of Institutional and Theoretical Economics, 152, March 1996b, pp. 154-83.
56. _, ed. Transaction Cost Economics." Recent Developments, Chestelham, United Kingdom: Edward Elgar Publishing, 1997 (forthcoming).
57. Milgrom, Paul; Roberts, John. Economics, Organization and Management, London, United Kingdom: Prentice-Hall International, 1992.
58. Milgrom, Paul; North, Douglass C.; Weingast, Barry. "The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fair," Economics and Politics, 2, 1, 1994, pp. 1-23.
59. Moe, Terry. "Politics and the Theory of Organization," Journal of Law, Economics and Organization, 7, special issue, 1992, pp. 106-29.
60. Nelson, Richard; Winter, Sidney. An Evolutionary Theory of Economic Change, Cambridge, MA: The Belknap Press of Harvard University, 1982.
61. North, Douglass C. Structure and Change in Economic History, New York, NY: Norton and Co., 1981.
62. _. Institutions, Institutional Change, and Economic Performance, Cambridge, United Kingdom: Cambridge University Press, 1990.
63. Okuno, Masahiro. "Corporate Loyalty and Bonus payments: An Analysis of Work Incentives in Japan," in Masahiko Aoki, ed., The Economic Analysis of the Japanese Firm, Amsterdam, Holland: North Holland, 1984, pp. 387-412.
64. Oniki, Hajiru. "The Cost of Communication in Economic Organization," Quarterly Journal of Economics, 108, 4, 1974, pp. 529-50.
65. Radner, Roy. "The Internal Economy of Large Firms," Economic Journal, 96, supplement, 1986, pp. 1-22.
66. _. "The Economics of Managing," Journal of Economic Literature, 30, 3, 1992, pp. 1382-415.
67. Riordan, Michael; Cremer, Jacques. "On Governing Multilateral Transactions via Bilateral Contracts," Rand Journal of Economics, 18, 3, 1987, pp. 436-51.
68. Roest Croellius, Laurence. "Une analyse en termes de cofits de transaction du mode d'organisation des échanges internationaux," Paris, France: Université de Paris I Panthéon-Sorbonne: mimeo, 1993.
69. Sappington, David. "Incentives in Principal-Agent Relationships," Journal of Economic Perspectives, 5, 2, 1991, pp. 45-66.
70. Saussier, Stefan. "Transaction Cost Economics and Contract Duration: An Empirical Analysis," working paper, Centre ATOM, 1996.
71. Shelanski, Howard; Klein, Peter. "Empirical Research in Transaction Costs Economics," Journal of Law, Economics and Organization, 11, 2, 1995, pp. 335-61.
72. Simon, Herbert. Administrative Behavior, New York, NY: The Free Press, 1947.
73. _. "A Formal Theory of the Employment Relationship," Econometrica, 19, 3, 1951, pp. 293-305.
74. _. "Organizations and Markets," Journal of Economic Perspectives, 5 2, 1991, pp. 25-44.
75. Smith, Adam. An Inquiring into the Nature and Causes of the Wealth of Nations, 1776.
76. Spiller, Pablo; et al. Institutions, Regulation and Economic Efficiency, Cambridge, United Kingdom: Cambridge University Press, 1995.
77. Tirole, Jean. "Hierarchies and Bureaucracies: On the Role of Collusion in Organizations," Journal of Law, Economics and Organization, 2, 2, 1986, pp. 181-214.
78. _. "The Multicontract Organization," Canadian Journal of Economics, 21 3, 1988a, pp. 459-76.
79. _. Theory of Industrial Organization, Cambridge, MA: MIT Press, 1988b.
80. _. "Incomplete Contracts: Where Do We Stand?," Walras-Bowley lecture delivered at the North-American Summer Meetings of the Econometric Society, Quebec City, 1994.
81. Weingast, Barry; Marshall, William. "The Industrial Organization of Congress," Journal of Political Economy, 96, 1988, pp. 132-63.
82. Williamson, Oliver E. Markets and Hierarchies, New York, NY: The Free Press, 1975.
83. _. The Economic Institutions of Capitalism, New York, NY: The Free Press, 1985.
84. _. "Corporate Finance and Corporate Governance," Journal of Finance, 43, 3, 1988, pp. 567-91.
85. _. "Comparative Economic Organization: The Analysis of Discrete Structural Alternatives," Administrative Science Quarterly, 36, 2, 1991, pp. 269-96.
86. _. "Transaction Cost Economics and Organization Theory," Industrial and Corporate Change, 2, 2, 1993, pp. 107-56.
87. _. The Mechanisms of Governance, Oxford, United Kingdom: Oxford University Press, 1996.
88. Williamson, Oliver E.; Winter, Sidney, eds. The Nature of the Firm, Oxford, United Kingdom: Oxford University Press, 1991.
89. Winter, Sidney. "An Essay on the Theory of Production," in S. H. Hymans, ed., Economics and the World around It, Ann Arbor, MI: University of Michigan Press, 1982.
90. _. "On Coase, Competence, and the Corporation," Journal of Law, Economics and Organization, 4, 1, 1988, pp. 174-95. (Reprinted in Williamson and Winter [1991].)