Markets and Hierarchies: A Study in the Internal Organizations

Contents Preface to the College Edition Preface Introduction Chapter 1 Toward n New Institutional Economics. 1. Some Antecedents 2. A Preliminary Statement of the Organizational Failures Framework 3. Three Illustrations Chapter 2 The Organizational Failures Framework 1. Bounded Rationality and Uncertainty/Complexity 2. Opportunism and Small Numbers 3. Information Impactedness 4. Atmosphere 5. Summary Remarks Chapter 3 Peer Groups and Simple Hierarchies 1. Peer Group Associations 2. Peer Group Limitations 3. Simple Hierarchy 4. Involvement 5. Concluding Remarks Chapter 4 Understanding the Employment Relation 1. Remarks on the Labor Economics Literature 2. Technology: Conventional and Idiosyncratic Considerations 3. Individualistic Bargaining Models 4. The Efficiency Implications of Internal Labor Market Structures 5. Concluding Remarks Chapter 5 Intermediate Product Markets and Vertical Integration 1. Prior Literature: A Transactional Interpretation 2. Static Markets 3. Sales Contracts for Component Supply 4. Unified Ownership of Plant and Equipment: Simple Hierarchy Extended 5. Complex Hierarchy: The Employment Relation Extended 6. Forward Integration into Wholesaling 7. Concluding Remarks Chapter 6 Vertical Integration, II: Some Qualifications 1. Interfirm Exchange: Some Qualifications 2. Possible or Purported Antisocial Consequences 3. Antitrust Implications Chapter 7 Limits of Vertical Integration and Firm Size 1. Internalizing the Incremental Transaction: Some Disabilities 2. Size Considerations 3. Incentive Limits of the Employment Relation 4. Concluding Remarks Chapter 8 The Multidivisional Structure 1. The Unitary Form Enterprise 2. Organizational Innovation: The Multidivisional Structure 3. Competition in the Capital Market 4. Optimum Divisionalization 5. The "M-form hypothesis" and Concluding Remarks Appendix: A Classification Scheme Chapter 9 Conglomerate Organization 1. The Affirmative Emphasis 2. Competition in the Capital Market 3. Public Policy Issues 4. Some Evidence 5. Concluding Remarks Chapter 10 Market Structure in Relation to Technical and Organizational Innovation 1. Technical Innovation and Market Structure: The Conventional Dichotomy 2. Technical Innovation and Market Structure: Refinements 3. Organizational Innovation and Market Structure 4. A Systems Approach Chapter 11 Dominant Firms and the Monopoly Problem 1. The Current Approach to Unlawful Monopolization 2. A Market Failure Interpretation of Dominance 3. Government Intervention and Market Failure 4. Remedies for Structural Dominance 5. Application to the Structure-Conduct Controversy 6. Dominant Firms and the Organizational Failures Framework 7. Conclusion Chapter 12 Oligopoly: Interfirm versus Intrafirm Organization 1. Some Antecedents 2. Oligopoly Regarded as a Problem of Contracting 3. The Contracting Approach and Prior Treatments Contrasted 4. Policy Implications: Dominant Firms versus Oligopolistic Interdependence Chapter 13 Conclusions 1. Toward a Transactional Paradigm 2. The Organizational Failures Framework and Hierarchy 3. Antitrust Implications 4. Some Directions for Future Research Bibliography IndexWilliamson, Oliver E. is the author of 'Markets and Hierarchies: A Study in the Internal Organizations' with ISBN 9780029347805 and ISBN 0029347807.