Oliver E. Williamson

AAA

DEFINITION of 'Oliver E. Williamson'

An American economist, the recipient of the 2009 Nobel Prize in Economics, along with Elinor Ostrom, "for his analysis of economic governance, especially the boundaries of the firm," and professor emeritus of business, economics and law at the University of California, Berkeley. Williamson has been a groundbreaking researcher in organizational economics and transaction-cost economics.

INVESTOPEDIA EXPLAINS 'Oliver E. Williamson'

Born in Wisconsin in 1932, Williamson has also taught at the University of Pennsylvania and Yale. He holds an MBA from Stanford and a Ph.D. in economics from Carnegie Mellon. He has received numerous awards, honors and fellowships. Williamson also invented the term "information impactedness."

RELATED TERMS
  1. Economist

    An expert who studies the relationship between a society's resources ...
  2. Economics

    A social science that studies how individuals, governments, firms ...
  3. Macroeconomics

    The field of economics that studies the behavior of the aggregate ...
  4. Microeconomics

    The branch of economics that analyzes the market behavior of ...
  5. Dismal Science

    A term coined by Scottish writer, essayist and historian Thomas ...
  6. Rothschild

    A prominent family of German bankers that established banking ...
Related Articles
  1. Understanding Supply-Side Economics
    Economics

    Understanding Supply-Side Economics

  2. Nobel Winners Are Economic Prizes
    Options & Futures

    Nobel Winners Are Economic Prizes

  3. The Uncertainty Of Economics: Exploring ...
    Economics

    The Uncertainty Of Economics: Exploring ...

  4. Explaining The World Through Macroeconomic ...
    Options & Futures

    Explaining The World Through Macroeconomic ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center