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Mechanisms of Governance
Bok av Oliver E Williamson
Oliver Williamson has helped to create a new perspective that economists use to understand the ways that organizations function. Traditionally, economists have viewed firms as "black boxes" that maximize some economic function (like profit). Williamson shows that decision makers in firms respond to economic factors - what he calls "transaction costs" - within the firm that affect both the structure of the individual firm and the structure of the industry within which
the organization operates.