A Quote by Oliver E. Williamson

The lens of contract focuses predominantly on gains from trade whereas orthodoxy is focused on resource allocation. — © Oliver E. Williamson
The lens of contract focuses predominantly on gains from trade whereas orthodoxy is focused on resource allocation.
The resource allocation task of top management has received too much attention when compared to the task of resource leverage.
The impresario functions as a bridge and a translator. He or she is a bridge between the creative point of view - which is often very focused on the creative task itself - and the resource-allocation process. The impresario has to make certain the funds and people required to get that task completed are available.
All companies - and not just startups - face the same eternal challenge: resource allocation.
What looks like resistance in many cases is rational responses to incentives and ingrained resource-allocation processes.
I play the same, contract or no contract, because trade-talk is part of basketball.
If the gains from trade in commodities are substantial, they are small compared to trade in ideas
Like many countries, Indonesia can transform its decision-making system to be more transparent and inclusive, particularly on resource allocation and use.
I have started or run several companies and spent time with dozens of entrepreneurs over the years. Virtually none of them, in my experience, made meaningful personnel or resource-allocation decisions based on incentives or policies.
If once in America the question of religious toleration was raised in defense of nonbelievers who dissented from religious orthodoxy, today it is raised by believers who feel excluded from a predominantly secular public world.
There are many challenges in the global education ecosystem: from top-down systemic issues in how educational services are organized and delivered, to bottom-up issues of curriculum effectiveness, accountability, and human resource allocation.
If I go into a relationship with an artist, which at most is going to last five years, we have a 100-page contract covering every eventuality. Whereas with marriage you go into it with no contract, with laws that date back hundreds of years, and I don't think that's right.
I guess because theater's so ephemeral and it's gone. You make this nightly contract with the audience and you redraw that contract for the next night, whereas film and television, it's forever. I suppose it's always about adopting personas, never about being yourself. I think they call it a "shy man's revenge."
Increased fragmentation of production across international borders - a natural outgrowth of the gains from specialization - meant more trade for any given value of final production, thus adding to the major expansion in gross trade flows in the 1990s and 2000s.
You need judgment, you need to utilize conventional resource-allocation analysis, you have to work backward from estimations of the market to the current investments and you have to do some benchmarking of your product and its potential against your competition.
It's predominantly a male society, predominately a male culture, predominantly a male theatre, and predominantly male critics, but that's changing, definitely.
If there is such a thing as saintly renunciation, it is renouncing small gains for better gains; not for no gains, but seeing with open eyes what is better and what is inferior. Even if the choice has to lie between two momentary gains, one of these would always be found to be more real and lasting; that is the one that should be followed for the time.
This site uses cookies to ensure you get the best experience. More info...
Got it!