Understanding transaction costs in the mesoeconomic perspective

Katarzyna Mroczek-Dąbrowska , Marian Gorynia

Abstract

The aim of this article is to provide an insight into understanding transaction costs on other than the company level. Using the literature review, the foundations of the new institutional economics are evoked to verify whether any obstacles exist that would prevent translating the analysis into the mesoeconomic level. Furthermore, referring to Coase’s suggestion on bonding economics and accounting, a proposal for industry-level operationalisation is presented, based on profit and loss account and highlights different elements of transaction costs. The proposal constitutes a starting point for further meso or macro-economic estimations. It also suggests a more in-depth way of estimating the value of transaction costs in industries and economies that could constitute an alternative for the Wallis and North’s previous estimations of transaction services estimations.
Author Katarzyna Mroczek-Dąbrowska (WGM / KKM)
Katarzyna Mroczek-Dąbrowska,,
- Department of International Competitiveness
, Marian Gorynia (WGM / KKM)
Marian Gorynia,,
- Department of International Competitiveness
Journal seriesArgumenta Oeconomica, ISSN 1233-5835, (N/A 40 pkt)
Issue year2019
No1 (42)
Pages337-360
Publication size in sheets1.15
Keywords in Polishkoszty transakcji, przemysł, perspektywa mezoekonomiczna, nowa ekonomia instytucjonalna
Keywords in Englishtransaction costs, industry, mesoeconomic perspective, new institutional economics
ASJC Classification1408 Strategy and Management; 2002 Economics and Econometrics
DOIDOI:10.15611/aoe.2019.1.14
URL https://www.dbc.wroc.pl/dlibra/publication/129868/edition/68018/content
Languageen angielski
Score (nominal)40
Score sourcejournalList
ScoreMinisterial score = 40.0, 06-04-2020, ArticleFromJournal
Publication indicators WoS Citations = 0; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 0.191; WoS Impact Factor: 2017 = 0.178 (2) - 2017=0.222 (5)
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