Law plays a crucial role in Williamson?s transaction cost economics but this aspect has been often undermined in the academic debates. This research article proposes to remedy to this lack in literature by making a critical review of the Williamson?s law and economics theory from the analysis of...

This paper assesses how two traditions, namely the economics of contracts and the economics of conventions, incorporate the legal framework of the labor relation in their analysis of the employment relationship. A comparison of these views not only offers different conceptions of the employment...

Given the distinction between power and authority, our aim in this paper is to set forth a framework for the analysis of the authority relation and the associated commanding within the firm based on the economics of convention. We begin by building a general model of the ?authority convention,?...

For about twenty years, the notion of authority has been put forward again into the analysis of employment relationship, especially concerning contracts incompleteness. This article has two purposes. First, it aims at giving an assessment of the famous controversy between Coase and...

Going back to the initial question raised by Coase in his 1937 article, we discuss in this paper the firm boundary problem by analyzing a specific organizational form, the network-firm. We first focus on the functioning of the network-firm, taking a specific interest in the incentive and...