Government and the Cost of Exchange in History

B-Tier
Journal: Journal of Economic History
Year: 1984
Volume: 44
Issue: 2
Pages: 255-264

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A general transaction cost framework is developed to analyze the costs of exchange and the role of government in the costs of exchange. Three general types of exchange are specified: personal exchange, exchange without third-party enforcement, and exchange with third-party enforcement. The framework is then employed to analyze government and the costs of exchange in history.

Technical Details

RePEc Handle
repec:cup:jechis:v:44:y:1984:i:02:p:255-264_03
Journal Field
Economic History
Author Count
1
Added to Database
2026-01-26