Paying transaction costs
AbstractThis paper tries to understand the adoption of different organisational forms by trade intermediaries. It does that by exploring their options in a coherent economic framework emphasizing the importance of paying transaction costs. It is based both on my knowledge of 18th century French traders and some insights from more contemporaneous situations. In the first part, the paper analyses the static activity of traders and the tools at their disposal. In the second part, it studies the alternative they had to dynamically improve their situation.
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Bibliographic InfoPaper provided by Sciences Po in its series Sciences Po publications with number n°2006-14.
Date of creation: Jul 2006
Date of revision:
Transaction costs; Domestic trade; 18th-century France; Commerce intérieur; 18ème siècle Français;
Find related papers by JEL classification:
- N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
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