The Economics of Transaction Costs: Theory, Methods and Application

By P.K. Rao

Book Overview

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.

• Format: Paperback
• Language: English
• ISBN: 1349421855
• ISBN13: 9781349421855
• Release Date: December 2002
• Publisher: Palgrave MacMillan
• Length: 197 Pages
• Weight: 0.56 lbs.
• Dimensions: 0.5" x 5.5" x 8.5"