Measuring Transaction Costs Using Survey Data on Sales Agreements

A methodology is presented for transaction-cost measurement using reports from businesses. In Romania, transaction costs related to buying and selling are more than 20% of value added. The estimates correlate significantly with variables suggested by theory, indicating validity.

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Year of publication:	2010-02
Authors:	Murrell, Peter ; Paun, Radu
Institutions:	University of Maryland, Department of Economics
Subject:	transaction costs \| measurement \| new institutional economics \| Romania

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Extent:	text/html
Series:	Electronic Working Papers.
Type of publication:	Book / Working Paper
Notes:	11 pages
Classification:	L14 - Transactional Relationships; Contracts and Reputation; Networks ; D23 - Organizational Behavior; Transaction Costs; Property Rights ; C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data ; P2 - Socialist Systems and Transitional Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008636433