The Economics of Transaction Costs
Theory, Methods and Application
In modern economies a substantial proportion of resources is increasingly allocated to transaction costs. An improvement in the definition of transaction costs to include both the information role and efficiency role requires an integration of the approaches of positive economics and normative economics. In The Economics of Transaction Costs P.K.Rao provides a comprehensive analytical treatment of the subject and suggests a few directions for formal economic models.
| Autor: | Rao, P. |
|---|---|
| ISBN: | 9780333802687 |
| Sprache: | Englisch |
| Seitenzahl: | 197 |
| Produktart: | Gebunden |
| Verlag: | Palgrave Macmillan UK |
| Veröffentlicht: | 03.12.2002 |
| Untertitel: | Theory, Methods and Application |
| Schlagworte: | economics efficiency industrial organization institutional economics integration law and economics methods new institutional economics organization |
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