SAGE Reference - Encyclopedia of Governance

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Transaction Cost

In: Encyclopedia of Governance
Edited by: Mark Bevir
Subject:Governance

Transaction costs represent the economic losses that can result from arranging market relationships on a contractual basis. While most economists studied frictionless models of perfect competition, John Commons and Ronald Coase were early students of contractual ...

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  Bevir, M. (2007). Transaction cost. In Encyclopedia of governance (Vol. 1, pp. 980-981). SAGE Publications, Inc., https://dx.doi.org/10.4135/9781412952613.n543
  
  Bevir, Mark. "Transaction Cost." In Encyclopedia of Governance, edited by Bevir, Mark, 980-81. Thousand Oaks, CA: SAGE Publications, Inc., 2007. https://dx.doi.org/10.4135/9781412952613.n543.
  
  Bevir, M. 2007. Transaction Cost. In: Mark Bevir Editor, 2007. Encyclopedia of Governance, Thousand Oaks, CA: SAGE Publications, Inc. pp. 980-981 Available at: <https://dx.doi.org/10.4135/9781412952613.n543> [Accessed 28 Jun 2022].
  
  Bevir, Mark. "Transaction Cost." Encyclopedia of Governance. Edited by Vol. 1. Thousand Oaks: SAGE Publications, Inc., 2007, pp. 980-81. SAGE Knowledge. 28 Jun 2022, doi: https://dx.doi.org/10.4135/9781412952613.n543.
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