Transaction costs are the costs to protect property rights. Institutions are shaped in order to control transaction costs in society. Studies have been developed to measure transaction costs both at the macro and microeconomic levels. Entry costs, i.e., the cost to start up a new business are...

The objective of this study is to contribute for the theoretical development of vertical coordination in productive systems, shaping the concept of 'stability and diffusion of contractual arrangements'. Considering the well-accepted statement of efficient alignment between transaction...