The Economics of Transaction Costs: Theory, Methods and Application Book + PRICE WATCH * Amazon pricing is not included in price watch

The Economics of Transaction Costs: Theory, Methods and Application Book

In this text P.K. Rao provides a comprehensive analytical treatment of the economics of transaction costs and suggests a few directions for formal economic models.Read More

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  • Product 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.

  • 8186771255
  • 9780333802687
  • P.K. Rao
  • 3 December 2002
  • Palgrave Macmillan
  • Hardcover (Book)
  • 224
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