The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics...

31
The Economics of Organization: The Transaction Cost Approach Author(s): Oliver E. Williamson Source: The American Journal of Sociology, Vol. 87, No. 3 (Nov., 1981), pp. 548-577 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/2778934 Accessed: 21/01/2009 04:33 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=ucpress. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected]. The University of Chicago Press is collaborating with JSTOR to digitize, preserve and extend access to The American Journal of Sociology. http://www.jstor.org

Transcript of The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics...

Page 1: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost

The Economics of Organization: The Transaction Cost ApproachAuthor(s): Oliver E. WilliamsonSource: The American Journal of Sociology, Vol. 87, No. 3 (Nov., 1981), pp. 548-577Published by: The University of Chicago PressStable URL: http://www.jstor.org/stable/2778934Accessed: 21/01/2009 04:33

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/action/showPublisher?publisherCode=ucpress.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with thescholarly community to preserve their work and the materials they rely upon, and to build a common research platform thatpromotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected].

The University of Chicago Press is collaborating with JSTOR to digitize, preserve and extend access to TheAmerican Journal of Sociology.

http://www.jstor.org

Page 2: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 3: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 4: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 5: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 6: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 7: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 8: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 9: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 10: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 11: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 12: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 13: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 14: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 15: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 16: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 17: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 18: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 19: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 20: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 21: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 22: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 23: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 24: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 25: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 26: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 27: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 28: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 29: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 30: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost
Page 31: The Economics of Organization: The Transaction Cost ...shawkat.yolasite.com/resources/The Economics of Organization__ The... · The Economics of Organization: The Transaction Cost