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Deals that start when you sign them
Journal of Institutional Economics ( IF 2.029 ) Pub Date : 2021-08-31 , DOI: 10.1017/s1744137421000680
Robert Gibbons 1
Affiliation  

This essay explores six sentences from Oliver Williamson – five providing context and the sixth the central topic. Decades ago, Williamson asserted that: (a) ‘substantially the same factors’ (1973: 316) create governance issues not only within organizations but also in interactions between organizations; and (b) relational contracting might be useful in addressing these issues in both domains (1979, Figure II). More recently – in an informal conversation in 2002 – he suggested a perspective on relational contracting that appears valuable in both of these domains: relational contracts as ‘deals that start when you sign them’. The bulk of this essay explores past, present, and potential research on this perspective.



中文翻译:

签约时开始的交易

这篇文章探讨了奥利弗威廉姆森的六个句子——五个提供上下文,第六个是中心话题。几十年前,威廉姆森断言:(a)“基本相同的因素”(1973:316)不仅在组织内部而且在组织之间的相互作用中产生治理问题;(b) 关系契约可能有助于解决这两个领域的这些问题(1979,图 II)。最近——在 2002 年的一次非正式对话中——他提出了一种在这两个领域都显得有价值的关系合同观点:关系合同是“当你签署时开始的交易”。本文的大部分内容探讨了关于这一观点的过去、现在和潜在的研究。

更新日期:2021-08-31
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