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Why transaction costs are so relevant in political governance? a new institutional survey

ABSTRACT The New Institutional Economics, led by four Nobel laureates (Ronald Coase, Douglass North, Oliver Williamson and Elinor Ostrom), has showed that institutions and organizations are a medium for reducing transaction costs and obtaining a higher efficiency in economic performance. This paper...

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Bibliografische Detailangaben
Hauptverfasser: GONZALO CABALLERO, DAVID SOTO-OÑATE
Format: Artigo
Sprache:Inglês
Veröffentlicht: Centro de Economia Política 2016-06-01
Schriftenreihe:Brazilian Journal of Political Economy
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Online-Zugang:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000200330&lng=en&tlng=en
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