The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Williamson, Oliver E. (Born 1932)

  • Scott E. Masten
Reference work entry


Oliver E. Williamson is the 2009 co-recipient (with Elinor Ostrom) of the Nobel Memorial Prize in Economics, awarded ‘for his analysis of economic governance, especially the boundaries of the firm’.


Adaptation Antitrust Asset specificity Barriers to entry Bounded rationality Contract law Corporate finance Corporate governance Credible commitments Firm boundaries Forbearance law Franchise contracting Fundamental transformation Governance Incomplete contracting Institutions Managerial discretion Organisation Opportunism Predatory pricing Regulation Remediableness Selective intervention Transaction cost economics Vertical integration 

JEL Classifications

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Scott E. Masten
    • 1
  1. 1.