Eggertson, Thráinn - 2008
, labor and capital inputs, here symbolized by the vector X
p
, into goods
and services, which gives rise to transformation … costs; and the use of land, labor, and capital
inputs, represented by vector X
s
, to transfer property rights from one … actor to another, which
gives rise to transaction costs. More specifically, transaction costs arise when X
s
inputs are …