This paperback reader for students and scholars presents, in a convenient and accessible form, the articles which together form the foundations of research in transaction cost economics. The volume is divided into three parts: the first part presents the background to the field and includes those path-breaking papers from Coase (1937 and 1972), Williamson (1971) and Alchian and Demsetz (1972). The second part addresses the apparatus of transaction cost economics and includes papers on the structure and limits of firms. The third part presents the applications of transaction cost economics to firm behavior, investment decision-making, contract bidding, regulation and legislation.

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Journal Article A Legal Basis for the Firm Get access SCOTT E. MASTEN SCOTT E. MASTEN University of Michigan Search for other works by this author on: Oxford Academic Google Scholar The Journal of Law, Economics, and Organization, Volume 4, Issue 1, SPRING 1988, Pages 181–198, https://doi.org/10.1093/oxfordjournals.jleo.a036943 Published: 01 March 1988