Transaction Cost

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Transaction Cost

Literature Review on (Policy Analysis) Transaction Cost Economics

In the Encyclopedia of Public Administration and Public Policy, [1] Glenn A. Daley offers the following summary about the topic of (Policy Analysis) Transaction Cost Economics: Transaction cost economics (TCE) is the study of how markets and organizations are affected by the costs of creating and maintaining economic relationships, apart from the production costs of goods and services. It has become a cornerstone of the new institutional economics.


Notes and References

  1. Entry about (Policy Analysis) Transaction Cost Economics in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)

See Also

Further Reading

  • Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)

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