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The Economics of Transaction Costs

Theory, Methods and Applications

  • P. K. Rao

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Theory and Methods

    1. Front Matter
      Pages 1-1
    2. P. K. Rao
      Pages 5-25
    3. P. K. Rao
      Pages 26-40
    4. P. K. Rao
      Pages 41-59
    5. P. K. Rao
      Pages 60-87
    6. P. K. Rao
      Pages 88-104
  3. Applications

    1. Front Matter
      Pages 105-105
    2. P. K. Rao
      Pages 109-127
    3. P. K. Rao
      Pages 128-140
    4. P. K. Rao
      Pages 141-151
    5. P. K. Rao
      Pages 152-169
    6. P. K. Rao
      Pages 170-175
  4. Back Matter
    Pages 176-197

About this book

Introduction

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.

Keywords

economics efficiency industrial organization institutional economics integration law and economics methods new institutional economics organization

Authors and affiliations

  • P. K. Rao
    • 1
  1. 1.Global Development InstituteUSA

Bibliographic information

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