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    Economics of Transaction Costs

    By: P. Rao

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    -+
    $169.99
     
     
    ISBN
    9780230597686
    Date Released
    Binding
    eBook
     
     

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    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.

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