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The Firm in the Context of the Theory of Transaction Costs

Tamara Todorova ()

Economic Thought journal, 2004, issue 1, 55-74

Abstract: The modern firm is discussed from the viewpoint of R. Cose’s theory of transaction costs. The issue of management and price mechanism as alternative methods of allocating economic resources is analyzed. The company growth limits are defined and the nature of transaction costs is given, utilizing a wide range of bibliography. It is in transaction costs levels that barriers to exchange in most countries of Eastern Europe are sought.

JEL-codes: D23 D21 (search for similar items in EconPapers)
Date: 2004
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