ENGLISH

The economics of transaction costs

By P. K. Rao

Book information

Publisher
Palgrave Macmillan
Year
2003
ISBN
9780333802687, 9781403918574, 0333802683
Open Library ID
OL11642490M
Language
english
Format
CHM
Filesize
206 kB (211070 bytes)
Pages
\0
Topic
Economy
Library
Kolxo3
Time added
2010-07-29 05:14:56

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.

Similar books