Case Studies in Contracting and Organization

The purpose of this book is to introduce the empirically-based literatureon contracting and organization to a student audience. This literature derivesfrom the work of R.H. Coase, winner of the Nobel Prize in Economics in 1991. Itincludes studies of a wide range of industries, including aerospace, automotive,electric power generation, fast food, petroleum, coke, soft drink distribution,shoe manufacturing, timber harvesting, transportation, and tuna processing. Moreimportant than any of the specific industries or practices represented is thateach study illustrates important principles of organization that generalize tocommercial transactions in other settings.

Introduction
Contracting
A Hypothesis of Wealth-Maximizing Norms: Evidence from the Whaling Industry,
Comparative Institutional Economics: The Governance of Rail Freight Contracting,cThomas M. Palay
Quantity and Price Adjustment in Long-Term Contracts: A Case Study of Petroleum Coke,
Efficient Adaptation in Long-Term Contracts: Take-or-Pay Provisions for Natural Gas,
Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets,
Contracting Practices in Bulk Shipping Markets: A Transaction Cost Explanation,
Vertical Integration
Vertical Integration as Organizational Ownership: The Fisher Body-General Motors Relationship Revisited,
Supplier Switching Costs and Vertical Integration in the Automobile Industry,
The Organization of Production: Evidence from the Aerospace Industry,
Hybrids
Exclusive Dealing and Vertical Integration: The Efficiency of Contracts in the Tuna Industry,
United States vs. United Shoe Machinery Corporation: On the Merits,
Strategy and Transaction Costs: The Organization of Distribution in the Carbonated Soft Drink Indstry,
Costs of Control: The Source of Economic Rents for
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Case Studies in Contracting and Organization

Summary

Table of Contents

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