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- W3211442386 abstract "The main contribution of Coase1 is having proven that no institution is a free lunch (among others, Pagano, 2012). it means that every institution (e.g. the market and the firm) has non-null costs of functioning, i.e. transaction costs. in a world with positive transaction costs, the policy-making process has to rest on a meticulous comparative analysis of alternative institutional arrangements. in this respect, ronald Coase has defined and developed a theory of choices among institutional solutions. The aim of this brief work is to highlighting, therefore, the strict correlation among transaction costs, institutions and law." @default.
- W3211442386 created "2021-11-22" @default.
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- W3211442386 date "2013-01-01" @default.
- W3211442386 modified "2023-09-23" @default.
- W3211442386 title "Law, Transaction Costs and Coase’s Institutions. A Reappraisal" @default.
- W3211442386 hasPublicationYear "2013" @default.
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