The Economics of Transaction Costs
P. K. Rao
Abstract
P. K. Rao
Abstract
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
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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
Key concepts: Transaction cost, Economics, Computer science, Microeconomics