The Economics of Transaction Costs Theory, Methods and Applications

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 econo...

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Bibliographic Details
Main Author: Rao, P. K.
Format: eBook
Language:English
Published: London Palgrave Macmillan UK 2003, 2003
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:XVI, 197 p online resource
ISBN:9780230597686