The Concept of Transaction Costs in the Neoclassical and the New Institutional Economics

Teodor Sedlarski

Ikonomiceski i Sotsialni Alternativi, 2009, issue 1, 79-87

Abstract: The article reflects on the concept and economic significance of the transaction costs as a central theoretical issue to the new institutional economics. Attempts to integrate transaction costs into the neoclassical paradigm are also presented

Keywords: transaction costs; Information Economics; equilibrium with transaction costs (search for similar items in EconPapers)
JEL-codes: B52 O43 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2009:i:1:p:79-87

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