Prof. Oliver Williamson
Nobel Prize Laureate in Economics 2009
A globally respected economist, Professor Oliver Williamson is renowned for his theories on organisational governance, conflict resolution and transaction cost economics. He was awarded the Nobel Prize for Economics in 2009. Currently he is the Edgar F. Kaiser Professor Emeritus of Business, Economics and Law at the University of California.
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Prof. Williamson received his Ph.D. from Carnegie Mellon University and held several professorships in business administration, economics and law at Pennsylvania and Yale University. Since 1998 he is teaching business, economics and law at the University of California, Berkley. In 2009, he was awarded the Nobel Prize in Economics for "his analysis of economic governance, especially the boundaries of the firm". Williamson provided a theory why some economic transactions take place within firms and others take place between firms and found that common ownership, in the form of firms, helps to solve some market failures by mitigating transaction costs and uncertainty.
WHAT he OFFERS YOU
Prof. Williamson has been instrumental in establishing economic governance as a field of research. His focus on the cost of transactions has led him to distinguish between repeated case-by-case bargaining on the one hand and relationship-specific contracts on the other. He is highly sought-after by government organisations and corporations eager to reap the benefits of his considerable expertise.
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