Gilles, Robert; Diamantaras, Dimitrios; Ruys, Pieter - In: Review of Economic Design 8 (2003) 3, pp. 269-292
We model an economy with social institutions that facilitate trade and induce three types of costs: establishment costs …, access costs, and use costs. Use costs are specific transaction costs related to the use of these trade institutions. We … institutions: the costs and benefits of these organizations are expressed in the trades they facilitate. Within this setting we …