The Economics of Transaction Costs: Theory, Methods and Application

Rao, P.

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2002-12-03

Format: Hardcover

ISBN-13: 9780333802687

DOI: 10.1057/9780230597686

Dimensions: 216cm x140cm

Pages: 197