Economic Organization: The Case For Candor
Academy of Management ReviewPublished 1 January 1996
Oliver E. Williamson
Citations274
SJR quartileQ1
SJR score14.40
SNIP6.11
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Abstract
The article reports on transitional cost economics (TCE) and opportunism in business. The author focuses on discussing the economic theory of industrial organization. It is suggested that research related to self-interest and cognitive styles is especially useful when considering aspects of organizational behavior. It is further suggested that TCE and industrial efficiency are connected to one another. The author discusses the strengths and weaknesses present in many professional contracts. Prediction methods are also examined.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
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