Economics of Transaction Costs

Economics of Transaction Costs by P. Rao

By: P. Rao

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ISBN
9780230597686
Date Released
Binding
eBook
 
 

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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.
ISBN:
9780230597686
Publication Date:
03 / 12 / 2002

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