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- W3137389155 abstract "This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and blame government instead. Of those who trace the roots of economic backwardness to market failure, few, if none, investigate transaction costs in their linkage with market failure. This paper tries to bridge development economics with transaction cost theory and new institutional analysis." @default.
- W3137389155 created "2021-03-29" @default.
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- W3137389155 date "2016-01-01" @default.
- W3137389155 modified "2023-09-27" @default.
- W3137389155 title "Transaction Costs, Market Failure and Economic Development" @default.
- W3137389155 hasPublicationYear "2016" @default.
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