Yifu Lin, Justin; Nugent, Jeffrey B. - In: Handbook of development economics : volume 3, part A, (pp. 2301-2370). 1995
This chapter discusses two propositions: (1) institutions matter and (2) the determinants of institutions susceptible to the tools of economic analysis. Transaction costs include the direct costs of obtaining information, negotiating among the parties to an agreement, and communicating all...
