Economists who explained why firms exist, how they are organized and how contracts and incentives shape the people inside them. An economist belongs here when the cited article credits the person with work on transaction costs, the theory of the firm, agency problems, corporate governance or the boundaries between firms and markets. The group brings together the entries filed under the heading Firm, Contract and Governance Economists, so a reader can compare them and move from one to another within the same part of the economic field.
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Firm, Contract and Governance Economists
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Oliver E. Williamson (Wikipedia)
Has Member: Oliver Williamson, lead paragraph: transaction cost economics and the theory of the firmQuote, Has Member: Oliver Williamson, lead paragraph: transaction cost economics and the theory of the firm
His contributions to transaction cost economics and the theory of the firm have been influential in the social sciences, law and economics.
View the Source Michael C. Jensen (Wikipedia)
Has Member: Michael C. Jensen, lead section: agency problems within organizations and corporationsQuote, Has Member: Michael C. Jensen, lead section: agency problems within organizations and corporations
Much of his work focused on agency problems within organizations, especially publicly traded corporations.
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