Paying Transaction Costs
This 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.
(This abstract was borrowed from another version of this item.)
|Date of creation:||2006|
|Contact details of provider:|| Postal: 69, quai d'Orsay - 75007 PARIS|
Phone: 01 44 18 54 00
Fax: 01 45 56 06 15
Web page: http://www.ofce.sciences-po.fr/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marcel Fafchamps, 2004. "Social Capital and Development," Economics Series Working Papers 214, University of Oxford, Department of Economics.
- Syed Ahmad, 1991. "Capital in Economic Theory," Books, Edward Elgar Publishing, number 5.
- Wallis, John Joseph & North, Douglass C., 1988. "Should Transaction Costs be Subtracted from Gross National Product?," The Journal of Economic History, Cambridge University Press, vol. 48(03), pages 651-654, September.
- Joseph Henrich, 2001.
"In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies,"
American Economic Review,
American Economic Association, vol. 91(2), pages 73-78, May.
- Ernst Fehr & Joseph Henrich & Robert Boyd, 2003. "In Search of Homo Economicus: Behavioral Experiments in 15 Small- Scale Societies," Microeconomics 0305009, EconWPA.
- Steven Durlauf & Marcel Fafchamps, 2004.
Development and Comp Systems
- Durlauf,S.N. & Fafchamps,M., 2004. "Social capital," Working papers 12, Wisconsin Madison - Social Systems.
- Steven N. Durlauf & Marcel Fafchamps, 2004. "Social Capital," NBER Working Papers 10485, National Bureau of Economic Research, Inc.
- Steven N. Durlauf & Marcel Fafchamps, 2004. "Social Capital," CSAE Working Paper Series 2004-14, Centre for the Study of African Economies, University of Oxford.
- repec:oxf:wpaper:wps/2004-14 is not listed on IDEAS
- Durlauf,S.N., 2001.
"On the empirics of social capital,"
3, Wisconsin Madison - Social Systems.
- Guillaume Daudin, 2005.
- A. Cohen & G. Harcourt., 2009. "Whatever Happened to the Cambridge Capital Theory Controversies?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8, pages -.
- S R H Jones & Simon P Ville, "undated". "Efficient Institutions or Rent Seeking Monopolists? The Rationale for Early Chartered Trading Companies," Working Papers ec7/95, Department of Economics, University of Lancaster.
- Jones, S. R. H. & Ville, Simon P., 1996. "Efficient Transactors or Rent-Seeking Monopolists? The Rationale for Early Chartered Trading Companies," The Journal of Economic History, Cambridge University Press, vol. 56(04), pages 898-915, December.
- Timothy W. Guinnane, 2005.
"Trust: A Concept Too Many,"
907, Economic Growth Center, Yale University.
- Guinnane Timothy W., 2005. "Trust: A Concept Too Many," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 46(1), pages 77-92, June.
- Kurz,Heinz D. & Salvadori,Neri, 1995.
"Theory of Production,"
Cambridge University Press, number 9780521443258, October.
- Guillaume Daudin, 2003.
"La logistique de la mondialisation,"
Revue de l'OFCE,
Presses de Sciences-Po, vol. 87(4), pages 409-435.
- Elinor Ostrom, 2000. "Collective Action and the Evolution of Social Norms," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 137-158, Summer.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Guillaume Daudin, 2005.
"Les transactions de la mondialisation,"
Revue de l'OFCE,
Presses de Sciences-Po, vol. 92(1), pages 221-262.
- repec:spo:wpecon:info:hdl:2441/694 is not listed on IDEAS
- Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281-281.
- Greif, Avner, 2000. "The fundamental problem of exchange: A research agenda in Historical Institutional Analysis," European Review of Economic History, Cambridge University Press, vol. 4(03), pages 251-284, December.
- Steven N. Durlauf, 2002. "Symposium on Social Capital: Introduction," Economic Journal, Royal Economic Society, vol. 112(483), pages 417-418, November.
- Carlos, Ann M, 1992. "Principal-Agent Problems in Early Trading Companies: A Tale of Two Firms," American Economic Review, American Economic Association, vol. 82(2), pages 140-145, May.
- Samuel Bowles & Herbert Gintis, 2001.
"Social Capital and Community Governance,"
01-01-003, Santa Fe Institute.
- George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, Oxford University Press, vol. 84(3), pages 488-500.
- Avi J. Cohen, 2003. "Retrospectives: Whatever Happened to the Cambridge Capital Theory Controversies?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 199-214, Winter.
- Grout, Paul A, 1984. "Investment and Wages in the Absence of Binding Contracts: A Nash Bargining Approach," Econometrica, Econometric Society, vol. 52(2), pages 449-460, March.
- Guillaume Daudin, 2005. "Commerce et prospérité : la France au XVIIIe siècle," Sciences Po publications 19, Sciences Po.
- Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-123, May.
- Samuel Bowles & Robert Boyd & Colin Camerer & Ernst Fehr & Herbert Gintis & Joseph Henrich & Richard McElreath, 2001. "In search of homo economicus: Experiments in 15 small-scale societies," Artefactual Field Experiments 00068, The Field Experiments Website.
- Robert J. Leonard, 1993. "Laboratory Strife: Higgling as Experimental Science in Economics and Social Psychology," Cahiers de recherche du Département des sciences économiques, UQAM 9314, Université du Québec à Montréal, Département des sciences économiques.
- Greif, Avner, 1994. "Cultural Beliefs and the Organization of Society: A Historical and Theoretical Reflection on Collectivist and Individualist Societies," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 912-950, October.
- P. Diamond, 1980.
"Aggregate Demand Management in Search Equilibrium,"
268, Massachusetts Institute of Technology (MIT), Department of Economics.
- Emma Rothschild, 1998. "An Alarming Commercial Crisis in Eighteenth-century Angouleme: Sentiments in Economic History," Economic History Review, Economic History Society, vol. 51(2), pages 268-293, 05.
- Tim Hazledine, 2001. "Measuring the New Zealand transaction sector, 1956-98, with an Australian comparison," New Zealand Economic Papers, Taylor & Francis Journals, vol. 35(1), pages 77-100.
When requesting a correction, please mention this item's handle: RePEc:fce:doctra:0614. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Francesco Saraceno)
If references are entirely missing, you can add them using this form.