ECON 5463 The Economics of Organization — Reading List

Abstract picture

Sequence of Topics.

The structure of production.

 Transaction-cost economics: overview.

 The Coasean approach.

 Moral hazard, monitoring, and measurement costs.

Asset specificity.

Property rights theory (old and new).

Summary (so far) and prospect.

Dispersed knowledge and ownership.

 Production costs redux: Economic capabilities.

Organization and economic change.

 Modular systems and standards.

The old economy and the new economy.

Business groups.