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talvez por ser justamente a área <strong>em</strong> que se concentra seu maior interesse, 214 JOSKOW<br />

(1991, p. 80-81) alega que:<br />

People who apply transaction cost reasoning to un<strong>de</strong>rstand the reasons why real<br />

organizations <strong>em</strong>erge have too often gone to the other extr<strong>em</strong>e, finding transaction<br />

cost explanations for almost any organizational arrang<strong>em</strong>ent that appears. They<br />

frequently ignore or do not analyse syst<strong>em</strong>atically, the possibility that there may be<br />

market power motivations or market power consequences for these organizational<br />

arrang<strong>em</strong>ents as well [...].<br />

A Figura 5, a seguir (reproduzida <strong>de</strong> JOSKOW, 1995, p. 250, nossa tradução), ajuda a<br />

ilustrar tais argumentos.<br />

AZEVEDO (1996, p. 21, nota <strong>de</strong> rodapé 13), no entanto, <strong>de</strong>tecta a discordância <strong>de</strong><br />

Williamson a respeito: "[...] Williamson (1995) [...] vê na Organização Industrial um<br />

campo fértil <strong>de</strong> aplicação da ECT [<strong>Economia</strong> dos Custos <strong>de</strong> Transação] s<strong>em</strong>, no entanto, se<br />

restringir a ela". Ao que parece, Williamson admite inserir a discussão da eficiência on<strong>de</strong><br />

antes se discutia po<strong>de</strong>r, mas não o contrário, ao comentar (1991b, p. 276 - grifos no<br />

original) que "economizing is more fundamental than strategizing - or, put differently, that<br />

economy is the best strategy". Ou como o próprio Azevedo comenta sobre a NEI <strong>em</strong> geral<br />

(i<strong>de</strong>m, p. 76): "[...] NEI e po<strong>de</strong>r permaneceram como óleo e água".<br />

214 Ou pelo menos o t<strong>em</strong>a envolve alguns <strong>de</strong> seus trabalhos anteriores, feitos com o próprio<br />

Richard Schmalensee, como por ex<strong>em</strong>plo "Markets for Power", Cambridge: MIT Press, <strong>de</strong> 1983;<br />

"Incentive Regulation for Electric Utilities", publicado no Yale Journal on Regulation, volume 4,<br />

<strong>de</strong> 1986; e "The Performance of Coal Burning Electric Generating Units in the United States: 1960-<br />

1980", publicado no Journal of Applied Econometrics, volume 2, <strong>de</strong> 1987.<br />

122

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