Transaction cost economics has and continues to be a fruitful area
of research. There is still much to be done in the field with past
research being used in conjunction with the vast number of
contractual phenomena that have yet to be investigated in
transaction cost economics terms. New challenges are posed by the
need to move beyond the design of new contractual instruments (such
as financial derivatives) to include an examination of the lurking
hazards that attend contract implementation. Edited by a leading
authority in the field, this important collection brings together
Professor Williamson's key papers on transaction cost economics. It
will be of benefit to academics, scholars and practitioners with an
interest in this progressive subject.
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