Transactions often differ on important dimensions from spot exchanges on perfect neo-classical markets. Information is seldom complete and instantaneous exchange is just as rare as full competition. The authors in this volume extend the standard economic model stressing the proposition that the social context is an important determinant of the governance of transactions. To foster the development of a body of cumulative knowledge in the new economic sociology, this approach is consistently applied to a diversity of topics including purchase relations, strategic alliances, and relations among lawyers and clients as well as employers and employees. This volume is divided in three parts. The first part surveys purposive behaviour models in research on governance as well as theoretical work extending these models. The contributions in the second and third part all have an empirical component and deal with governance in the various phases of exchange relations: search and selection, negotiating and contracting, contract execution and performance, and conflict regulation. The second part focuses on governance in markets, while the third part discusses governance in organizations.
Ronald S. Batenburg - Vincent Buskens - Marijtje A. J. van Duijn - Roberto M. Fernandez - Ranjay Gulati - Greta Hsu - Harris H. Kim - Edward O. Laumann - Emmanuel Lazega - Siegwart Lindenberg - Eva M. Meyersson Milgrom - Lise Mounier - Kathryn M. Neckerman - Trond Petersen - Werner Raub - Vemund Snartland - Chris Snijders - Tom A. B. Snijders - Toby E. Stuart - Thomas Voss - Lihua Olivia Wang - Jeroen Weesie - Rafael Wittek
Theoretical and empirical perspectives on the governance of relations in markets and organizations, V. Buskens, et al. Perspectives on governance: the rational choice approach to an analysis of intra- and interorganizational governance, T. Voss; the cognitive side of governance, S. Lindenberg; quality, exchange and Knightian uncertainty, J.M. Podolny, G. Hsu. The governance of relations in markets: embedded partner selection in relations between firms, V. Buskens, et al; contacts and contracts - dyadic embeddedness and the contractual behaviour of firms, R.S. Batenburg, et al; governing strategic alliances, T.E. Stuart; size of the pie and share of the pie - implications of network embeddedness and business relatedness for value creation and value appropriation in joint ventures, R. Gulati, L.O. Wang; network endorsement and social stratification in the legal profession, H.H. Kim, E.O. Laumann; interlocking judges - on joint exogenous and self-governance of markets, E. Lazega, L. Mounier. The governance of relations in organizations: keeping a job - network hiring and turnover in a retail bank, K.M. Neckerman, R.M. Fernandez; the within-job gender wage gap, Sweden 1970-1990, T. Petersen, et al; informal networks and the escalation of social control in a management team, R. Wittek, et al.