In general terms, transactions costs are the costs that arise when individuals exchange ownership rights to economic assets and enforce their exclusive rights. A clear definition of transactions costs does not exist, but neither are the costs of production in the neoclassical model well defined.


p. 14 - Economic behavior and institutions. 1990

Thrainn Eggertsson Quotes

In general terms, transactions costs are the costs that arise when individuals exchange ownership rights to economic assets and enforce their...

In general terms, transactions costs are the costs that arise when individuals exchange ownership rights to economic assets and enforce their...

In general terms, transactions costs are the costs that arise when individuals exchange ownership rights to economic assets and enforce their...

In general terms, transactions costs are the costs that arise when individuals exchange ownership rights to economic assets and enforce their...