This outstanding book presents new original contributions from some of the world's leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme...

Contract Theories and Franchising Franchising is an excellent field of application for contract theories. This paper aims at surveying the recent literature on franchise chains and contracts. It focuses on the choice of contractual terms (the « contractual design ») with an emphasis on...

In this paper, we propose an evaluation of French public private partnerships by focusing on the implementation phase of infrastructure but also, which is the first time to our knowledge, the operational phase of projects. Using a questionnaire administered to thirty projects in operation, we...

Public-private partnership (PPP) policy strategies emphasize the ability of PPPs to foster innovation. Evidence reported in literature supports less the inherent quality of PPPs for innovation and more the importance of contributing factors. The contractual agreement is the setting of these...

In this paper we investigate the relationship between operating cost and number of bidders for local bus contracts in London. Using an original database on 806 calls for tender on bus routes, we find that a higher number of bidders, whether actual or expected, is associated with a lower cost of...

Franchising is nowadays a prominent way to organize the distribution sector. While previous literature suggests that monitoring issues are a critical determinant of organizational choices, it is rather silent on the optimal monitoring strategy once the organization of the chain is set. In this...

<title>Abstract</title> Franchising is nowadays a prominent way to organize the distribution sector. While previous literature suggests that monitoring issues are a critical determinant of organizational choices, it is rather silent on the optimal monitoring strategy once the organization of the chain is set....

[fre] Coûts de transaction et choix contractuels : un test économétrique sur une entreprise publique . par Stéphane Saussier . Ce papier étudie la forme des contrats interfirmes au regard de la théorie des coûts de transaction. Nous soutenons que les choix contractuels des agents...

[eng] The Length of Intercorporate Contracts: An Empirical Analysis by Stéphane Saussier . This paper studies the length of intercorporate contracts based on transaction cost theory. We first describe the trade-off in the choice of contract length and then put forward a set of proposals. We...