Organizational Economics:A New Research Paradigm

Organizational Economics,which starts from the idea of Neoclassical Economics to maximize personal interests and becomes popular in the 1990s,combines the elements of information,uncertainty,transaction costs and contract,and gives a new,more systematic explanation of organization and organizational behavior,so organization theory is advanced to such a new level as to become a new discipline.After the efforts of the organizational theorists,several new economics analysis methods are suggested for organization research.They are:Transaction Cost Economics,Agency Theory,and Contract Theory.This paper attempts to provide an integrated framework to introduce and compare these different empirical research,in the hope of helping enhance academics understanding of this field.