To clarify the determinants and interaction of property rights and transaction costs, I study the design of the legal protection of either a good whose consensual transfer entails a transaction inefficiency or an upstream firm's input whose random cost is unverifiable and ex ante...

To clarify the determinants and interaction of property rights and transaction costs, I study the design of the legal protection of either a good whose consensual transfer entails a transaction inefficiency or an upstream firm's input whose random cost is unverifiable and ex ante...

To clarify the determinants and interaction of property rights and transaction costs, I study the design of the legal protection of either a good whose consensual transfer entails a transaction inefficiency or an upstream firm's input whose random cost is unverifiable and ex ante...

Nobel Prize Douglass North´s ideas have developed for a long time, since the beginning of the seventies to the end of the nineties. As his historical analysis developed, North became convinced of the positive relationship between economic growth and liberties. This paper tries to demonstrate...

This paper analyses how corruption affects firms ownership of intellectual property titles that relate to firms technological, organizational and further innovation efforts quality certificates and patents. Using firm-level data covering 48 developing and emerging countries, we show corruption...

The main objective of the present approach is, first of all, to analyse the "transaction costs" concept and then to prove scientifically the relation transaction costs – institutions.

The paper analyses the impacts of transaction costs on the degree of household market integration using survey data collected from smallholder potato farmers located in the Peruvian Andes. The analysis focuses on the impacts of transaction costs differentiated as information, negotiation and...

This paper examines the usefulness of Coasian Transaction Cost Economics for describing the governance outcomes for semi-public markets, i.e. markets where some government involvement is indispensable, and where the government transacts with private parties, or provides the service in-house....

The emergence of transaction cost economics (TCE) in the early 1970s with Oliver Williamson’s successful reconciliation of the socalled neoclassical approach with Herbert Simon’s organizational theory can be considered an important part of the first cognitive turn in economics. The...

The traditional transaction cost perspective helps us understand how governance structures impact dyadic transaction costs by focusing on the possibility of ex-post holdup, but it usually neglects the impact of such decisions on other agents. This paper uses value capture theory to investigate...