The Economics Of Transaction Costs » (REV)

P.K. Rao is Director, Center for Development Research, New Jersey.

Rao, director of a development institute in New Jersey, hopes to improve the analytical bases of the role of transaction economics in various economic phenomena, and to extend the areas of its application. Among the questions he says the approach can answer are how low a level to start income tax or sales tax, whether to require many or few forms to qualify for a loan, and whether to use pre- processed or raw information for screening. Practicing, research, and student economists are among his intended readers. Annotation ©2003 Book News, Inc., Portland, OR