Oliver E. Williamson
Economist
Nobel work may help in global warming fight...for the way that it rescued the US banks. Krugman congratulated today's winners, saying that Williamson's work "underlies a tremendous amount of modern economic thinking". He admitted that he was not familiar with Ostrom's work... In this article: Oliver E Williamson, Economics, Paul Krugman, Global warming, Nobel Prize, Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, Eugene Fama, and Socialism |
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USATODAY.com | October 12, 2009
American is first woman to win economics Nobel
...the academy said. Paul Krugman, a Princeton University scholar and a columnist for The New York Times, won the prize last year for his analysis of how economies of scale can affect international trade patterns. The Nobel prizes, with...
In this article: Oliver Williamson, Alfred Nobel, Economics, Nobel Prize, Nobel Prize in economics, University of California-Berkeley, Barack Obama, All rights reserved, and Chemistry
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TIME | October 12, 2009
Americans Are Awarded Nobel in Economics
...crucial element in explaining why corporations existed and grew. But Williamson has done more than anyone to explain corporate behavior and corporate structure in economic terms. As Paul Krugman puts it: Oliver Williamson's work underlies a...
In this article: Economics, Oliver Williamson, Ronald Coase, Alex Tabarrok, Adam Smith, Paul Krugman, Steven Levitt, Mercatus Center, and Nobel Prize
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en.wikipedia.org
Oliver E. Williamson - Wikipedia, the free encyclopedia
... Vitae of Oliver E. Williamson". University of ... Oliver E. Williamson's homepage ... (2007) · Paul Krugman (2008) · Elinor Ostrom / Oliver E. Williamson (2009) ...
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Paul Krugman - Wikipedia
Paul Krugman is a 2008 Nobel Prize-winning American economist, columnist, author... (2007) · Paul Krugman (2008) · Elinor Ostrom / Oliver E. Williamson (2009) ...
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www.freebase.com
Paul Krugman facts - Freebase
Facts and figures about Paul Krugman, taken from Freebase, the world's database. ... 2008. Paul Krugman. 2009. Oliver E. Williamson. Elinor Ostrom ...
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Paul Krugman - Tag Story Index - USATODAY.com
... K. Kao | George E. Smith | Oliver E. Williamson | Venki Ramakrishnan | Walter A. ... Bush critic Paul Krugman wins economics Nobel ...
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www.daylife.com
Economics Nobel Prize Award A Nod To Sustainability
... Oliver E. Full Article at Fast Company. Related Topics: Oliver ... Oliver Williamson. Alfred Nobel. Elinor Ostrom. Paul Krugman. University of Chicago ...
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nobelprize.org
All Laureates in Economic Sciences
2009 - Elinor Ostrom, Oliver E. Williamson. 2008 - Paul Krugman ... 2001 - George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz ...
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www.silobreaker.com
Silobreaker: Elinor Ostrom, Oliver Williamson win Economics Nob...
... at Indiana University, and Oliver E. Williamson, a retired professor at the ... Elinor Ostrom, Oliver Williamson, Paul Krugman ...
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Description from Wikipedia:
Oliver Eaton Williamson (born September 27, 1932) is a prominent author in the area of transaction cost economics, a student of Ronald Coase, Herbert Simon and Richard Cyert. Prof. Williamson received his Bachelor of Science in management from the MIT Sloan School of Management in 1955, M.B.A. from Stanford University in 1960, and his Ph.D. from Carnegie Mellon University in 1963. He has held professorships in business administration, economics, and law at the University of California, Berkeley since 1988 and is currently the Edgar F. Kaiser Professor Emeritus at the Haas School of Business.
His focus on the costs of transactions have led Williamson to distinguish between repeated case-by-case bargaining on the one hand and relationship-specific contracts on the other. For example, the repeated purchasing of coal from a spot market to meet the daily or weekly needs of an electric utility would represent case by case bargaining. But over time, the utility is likely to form ongoing relationships with a specific supplier, and the economics of the relationship-specific dealings will be importantly different, he has argued.
Other economists have tested Williamson's transaction-cost theories in empirical contexts. One important example is a paper by Paul L. Joskow, "Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets," in American Economic Review, March 1987. The incomplete contracts approach to the theory of the firm and corporate finance is partly based on the work of Williamson and Coase.
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