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Oliver E. Williamson

1932–2020

Oliver E. Williamson (1932–2020) was an American economist and Nobel laureate, best known for his pioneering work on transaction cost economics and the theory of the firm. He integrated law, economics, and organization theory to explain why firms exist and how they govern transactions. His key concepts include asset specificity, governance structures, and the 'make-or-buy' decision.

Economics

Markets and Hierarchies: Analysis and Antitrust Implications
The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting
Transaction Cost Economics: The Natural Progression
The Mechanisms of Governance
The Theory of the Firm as Governance Structure: From Choice to Contract
The New Institutional Economics: Taking Stock, Looking Ahead
The Lens of Contract: Private Ordering
The Economics of Governance: A Research Agenda

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