Regulation: A Transaction Cost Perspective

This essay explores the immense impact of Oliver Williamson's writings and thoughts on contracting and organizations to research on the economics of regulation. Based on Williamson's transaction cost economics approach, this essay discusses the fundamental hazards inherent in government/ut...

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Bibliographic Details
Published in:	California management review Vol. 52; no. 2; pp. 147 - 158
Main Author:	Spiller, Pablo T.
Format:	Journal Article
Language:	English
Published:	Berkeley University of California Press 01-01-2010
Subjects:	Commercial regulation Economic regulation Economies of scale Financial investments Financial regulation Firm theory Government bureaucracy Industrial regulation Moral hazard Opportunistic behavior Political economy Public investments Regulation Regulatory policy Regulatory theory Studies Transaction costs Williamson, Oliver United States > US
Online Access:	Get full text
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Summary:	This essay explores the immense impact of Oliver Williamson's writings and thoughts on contracting and organizations to research on the economics of regulation. Based on Williamson's transaction cost economics approach, this essay discusses the fundamental hazards inherent in government/utility-investors' interactions and explores how these hazards affect the way regulation is developed and the institutional environment within which these interactions take place.
Bibliography:	ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23
ISSN:	0008-1256 2162-8564
DOI:	10.1525/cmr.2010.52.2.147