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Oliver Williamson is best known for his work developing the theory of transaction costs and their implications for the organization of economic transactions. His contributions, however, have broader implications for all forms of social organization. A primary example of these broader applications are the insights Williamson's work offers into the organization of political activity. His analysis also provides important insights for scholars and managers interested in understanding the non-market strategy of firms.
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Rui J. P. de Figueiredo (2010) studied this question.
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