Suchergebnisse

Transaction cost economics (TCE) is at the heart of the new theory of the firm. While it is an established research tradition with a well developed theoretical framework and good empirical results, critics consider TCE too limited to understand the essential characteristics of complex organizations like the firm. The criticism is that we need to go beyond the original TCE framework and develop a more pluralistic approach towards issues of economic organization. This book provides a lively debate on these issues in an open-minded, academic manner. Transaction Cost Economics and Beyond contributes to our further understanding of the theory of the firm and provides a better knowledge of the complexities of economic organization

This comment is part of a symposium on Ekkehart Schlicht, On Custom in the Economy (1998)

Industrial Policies after 2000 investigates industrial policy during a time of deregulation, privatization and a growing interest in small government. This book brings together scholarship from different countries, different institutional contexts, and different theoretical perspectives. That includes the neoclassical `market' approach, game theoretical models, and institutional economics

AbstractIn this contribution, we address the introduction of private property rights and market trades in the use of the radio frequency spectrum. We discuss the UK case being inspired by the ideas of Coase. We discuss how an appropriate design of property rights and a secondary market would look like and how the developments after the introduction of property rights could be interpreted. Subsequently we present the alternative perspective of Commons to illuminate the implications of a Coasean perspective. It is shown how Coase's focus is on efficiency, whereas in the world of Commons, the societal value is central. We discuss how the two perspectives can contribute to the understanding of the governance of the radio spectrum and conclude with policy recommendations.