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- W3156691260 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.
- W3156691260 created "2021-04-26" @default.
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- W3156691260 date "2016-01-01" @default.
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- W3156691260 title "Transaction Costs, Market Failure and Economic Development" @default.
- W3156691260 hasPublicationYear "2016" @default.
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