Word: williamson
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Indiana University Professor Elinor Ostrom and University of California at Berkeley Professor Oliver E. Williamson will be the recipients of this year’s Nobel Prize in Economic Sciences, the prize committee announced yesterday—to the surprise of some members of the Harvard Economics Department...
...Williamson was recognized for his work arguing that hierarchical organizations such as firms—in addition to markets—can serve as governance structures, allowing them to resolve conflicts in an alternative manner...
Aghion said that Harvard’s Oliver S. Hart “went much further than Williamson by constructing a rigorous framework that made the theory of the firm become truly operational and testable...
Much of the case for Willingham's innocence rests on the conclusions of two prominent forensic arson experts including Craig Beyler, who was scheduled to testify before the commission last week. But Perry's new forensics chairman, Williamson County district attorney John Bradley, a well-known, tough-on-crime prosecutor, cancelled last week's meeting on Willingham, saying he needed time to get up to speed on the commission's work. Beyler's testimony in the Willingham case has now been put off until Bradley sets a hearing, and he has not indicated when, or if, he will, saying...
...Harvard emerged from halftime aggressively, with Sheeleigh taking the first three shots of the half—two wide and one saved by Williamson. The next 45 minutes played out relatively equally, with each team attempting nine shots and each team scoring one apiece in the frame...