Regulation and administered contracts revisited: Lessons from transaction-cost economics for public utility regulation
نویسندگان
چکیده
منابع مشابه
Regulation and Administered Contracts Revisited: Lessons from Transaction-Cost Economics for Public Utility Regulation 1
This article reexamines the administered contracts approach to regulation in light of recent empirical research that establishes the importance of transaction-costs in the organizational choice and design decisions. After reviewing the fundamentals of transaction cost reasoning and the franchise bidding-versus-regulation debate, the study surveys the empirical literature on franchise bidding, c...
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Paul M. Sotkiewicz is the Director of Energy Studies at the Public Utility Research Center (PURC), University of Florida. Prior to joining PURC in 2000, he served from 1998 to 2000 as an Economist at the Federal Energy Regulatory Commission in the Office of Economic Policy and later on the staff of the Chief Economic Advisor where he conducted research and analysis on market design issues and w...
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i am going to assess shortcomings of transaction cost economics (tce) of oliver williamson. my argument is that this analysis suffers from misidentification of the relevant problem of the theory, analytical incoherence, inconsistent empirical support and methodological defects. in formulating coase's fundamental idea, williamson accepts an efficient equilibrium which occurs once forever, t...
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2. Explain transaction-cost economics (TCE) and how this concept relates to supply-chain management. 3. Demonstrate an understanding of the ten key insights from Oliver Williamson’s TCE model. 4. Categorize the types of supply chain present in a typical healthcare organization in terms of their associated risk to the healthcare organization. 5. Integrate healthcare supply-chain principles with ...
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transaction cost economics (tce), as a subset of new institutional economics (nie), is the combination of economics, organization and law. noble prize in 2009 was dedicated to oliver williamson who was the most popular face in the economics as tce main contributor. in tce, the main issues on the one hand is how institutions follow characteristics of transactions, on the other hand, the making o...
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ژورنال
عنوان ژورنال: Journal of Regulatory Economics
سال: 1996
ISSN: 0922-680X,1573-0468
DOI: 10.1007/bf00134817