A Tribute to Oliver Williamson: Regulation: A Transaction Cost Perspective
基于威廉姆森的交易成本经济学,分析政府与公用事业投资者互动中的根本风险,并探讨这些风险如何影响监管的制定和制度环境。
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.