Measuring Transaction Costs Using Survey Data on Sales Agreements

11 Pages Posted: 1 Feb 2010

See all articles by Peter Murrell

Peter Murrell

University of Maryland - Department of Economics

Radu A. Paun

Competition Council of Romania

Date Written: February 1, 2010

Abstract

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.

Keywords: transaction costs, measurement, new institutional economics, Romania

JEL Classification: L14, D23, C81, P2

Suggested Citation

Murrell, Peter and Paun, Radu A., Measuring Transaction Costs Using Survey Data on Sales Agreements (February 1, 2010). Available at SSRN: https://ssrn.com/abstract=1545860 or http://dx.doi.org/10.2139/ssrn.1545860

Peter Murrell (Contact Author)

University of Maryland - Department of Economics ( email )

College Park, MD 20742
United States
301-405-3476 (Phone)
301-405-3542 (Fax)

Radu A. Paun

Competition Council of Romania ( email )

Bucharest
Romania
+40214054445 (Phone)
+40214054408 (Fax)

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