Innovation, Governance, and Capabilities: Implications for Competition Policy

A Tribute to Nobel Laureate Oliver Williamson

David Teece writes about Oliver Williamson’s work on the boundaries (scale and scope) of the firm. This tribute endeavors to marry Williamson’s transaction cost economics with a capabilities framework to obtain new insights into how the scope and scale of technology companies influence their competitive performance in today’s digital economy.

Read the article in Industrial and Corporate Change.