Should be recommended to students on any Business/Industrial Economics course. Maria Moschandreas, Middlesex University

• 1: Introduction Part I. Contracting 2: Robert C. Ellickson: A Hypothesis of Wealth-Maximizing Norms: Evidence from the Whaling Industry 3: Thomas M. Palay: Comparative Institutional Economics: The Governance of Rail Freight Contracting 4: Victor P. Goldberg and John P. Erickson: Quantity and Price Adjustment in Long-Term Contracts: A Case Study of Petroleum Coke 5: Scott E. Masten and Keith J. Crocker: Efficient Adaptation in Long-Term Contracts: Take-or-Pay Provisions for Natural Gas 6: Paui L. Joskow: Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets 7: Stephen Craig Pirrong: Contracting Practices in Bulk Shipping Markets: A Transaction Cost Explanation Part II. Vertical Integration 8: Benjamin Klein: Vertical Integration as Organizational Ownership: The Fisher Body-General Motors Relationship Revisited 9: Kirk Monteverde and David J. Teece: Supplier Switching Costs and Vertical Integration in the Automobile Industry 10: Scott E. Masten: The Organization of Production: Evidence from the Aerospace Industry Part III. Hybrids 11: Edward C. Gallick: Exclusive Dealing and Vertical Integration: The Efficiency of Contracts in the Tuna Industry 12: Scott E. Masten and Edward A. Snyder: United States vs. United Shoe Machinery Corporation: On the Merits 13: Timothy J. Muris, David T. Scheffman, and Pablo T. Spiller: Strategy and Transaction Costs: The Organization of Distribution in the Carbonated Soft Drink Indstry 14: Patrick J. Kaufman and Francine Lafontaine: Costs of Control: The Source of Economic Rents for McDonalds Franchises