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The economics of transaction costs : theory, methods, and applications

Author: P K Rao
Publisher: New York : Palgrave Macmillan, 2003.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Rao, P.K.
Economics of transaction costs.
New York : Palgrave Macmillan, 2003
(DLC) 2002026952
(OCoLC)50184867
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: P K Rao
ISBN: 1403918570 9781403918574
OCLC Number: 52861121
Description: 1 online resource (xvi, 197 pages)
Contents: pt. 1. Theory and methods --
pt. 2. Applications.
Responsibility: P.K. Rao.
More information:

Abstract:

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.

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