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Economia Costurilor De Tranzactie: Delimitari Conceptuale Si Preliminarii Empirice


  • Marinescu, Cosmin

    (Departamentul de Economie si Politici Economice din cadrul ASE Bucuresti)


The study illustrates the fundamental theoretical research on the issue of transaction costs, as reflected in the institutional analysis entitled „Transaction Costs Economics”. In order to obtain the empirical operationalization of transaction costs and, so, the valuation of their implication over economic activity, the analyse will critical distinguish between neoclasical perspective and the property rights approach. From the conceptual and methodological point of view, but also as institutional importance of transaction costs, I have introduced an original taxonomy. This is about “market transaction costs” (specific to contractual and free market institutions), on the one hand, and “imposed transaction costs” (according to formal institutons that involves administrative compliance of the economic agents), on the other hand.

Suggested Citation

  • Marinescu, Cosmin, 2012. "Economia Costurilor De Tranzactie: Delimitari Conceptuale Si Preliminarii Empirice," Studii Economice 120527, National Institute of Economic Research.
  • Handle: RePEc:ror:seince:120527

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    More about this item


    Transaction Costs; Institutions; Property Rights; Economic Performance;

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth


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