Economics of transaction costs, the: theory, methods and application
Auteur :
Rao, P.
Éditeur :
Palgrave Macmillan
ISBN :
9781349421855
Date de publication :
3 déc. 2002
Dimensions :
21,6 x 14,0 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.