Markets and Hierarchies: A Study in the Internal Organizations.
Williamson, Oliver E
Sold by Raptis Rare Books, Palm Beach, FL, U.S.A.
AbeBooks Seller since September 24, 2003
Used - Hardcover
Quantity: 1 available
Add to basketSold by Raptis Rare Books, Palm Beach, FL, U.S.A.
AbeBooks Seller since September 24, 2003
Quantity: 1 available
Add to basketFirst edition of the Nobel Prize-winning economist's classic work. Octavo, original cloth. In near fine condition. First editions are rare. This study analyzes organization of economic activity within and between markets and hierarchies. It considers the transaction to be the ultimate unit of microeconomic analysis, and defines hierarchical transactions as ones for which a single administrative entity spans both sides of the transaction, some form of subordination prevails and, typically, consolidated ownership obtains.
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