Measuring Transaction Costs Using Survey Data on Sales Agreements
11 Pages Posted: 1 Feb 2010
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: 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
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