Was Oliver E. Williamson influential in law and economics?
Yes
No
He was only influential in law
He was only influential in economics
Answer
Yes, Oliver E. Williamson was influential in law and economics. His contributions to the field include Theory of transaction costs, which explains how the costs of economic transactions can affect the structure of firms and markets. Williamson also developed the concept of the market for corporate control, which describes how the threat of takeover can influence managerial decision-making.
Discovering the Economics Legacy: The Oliver E. Williamson Quiz
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