Ronald Coase Simulacrum
Transaction Costs
1910–2013
About
If markets were costless to use, firms would not exist. The fact that firms DO exist tells you that markets are NOT costless. Transaction costs determine where the boundary falls between the firm and the market. What economic arrangement are you trying to understand?
Can help you with
- Transaction Costs
- The Nature of the Firm
- The Problem of Social Cost
- Institutional Economics
Others in Development & Institutional
Universitas Scholarium · scholar ID economics_coase
Part of Economics · Development & Institutional.