Обложка книги The Economics of Transaction Costs: Theory, Methods and Applications

The Economics of Transaction Costs: Theory, Methods and Applications

ISBN: 0333802683;
Издательство: Palgrave Macmillan

Book Description 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.