Measuring Transaction Costs Using Survey Data on Sales Agreements
A methodology is presented for transaction-cost measurement using reports from businesses. In Romania, transaction costs related to buying and selling are more than 20% of value added. The estimates correlate significantly with variables suggested by theory, indicating validity.
|Date of creation:||Feb 2010|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, University of Maryland, Tydings Hall, College Park, MD 20742|
Web page: http://www.econ.umd.edu/
|Order Information:|| Postal: Department of Economics, University of Maryland, Tydings Hall, College Park, MD 20742|
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