The Accounting Review Vol. 53 No. 2 1978

Markets and Hierarchies: Analysis and Antitrust Implications.

Thomas J. Burns

Abstract

The article presents information about the book "Markets and Hierarchies: Analysis and Antitrust Implications," by Oliver E. Williamson. The book emphasizes the organization of economic activity within and between markets and hierarchies. It considers the transaction to be the ultimate unit of microeconomic analysis. Hierarchical transactions are those for which a single administrative entity spans both sides of the transaction, some form of subordination prevails, with, typically, consolidated ownership.

DOI

10.2308/tar-4497093

Volume

53

Issue

2

Pages

596-596

Language

en

Sources

openalex crossref