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Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both mainstream and heterodox literature and a variety of interdisciplinary sources, this monograph traces the history of transaction costs in institutional economics.
Massimiliano Vatiero (Ph.D., University of Siena) is an Assistant Professor of Political Economy at the Department of Economics and Management (DEM) of the University of Trento (Italy), and is "Brenno Galli" Chair of Law and Economics at the Law Institute (IDUSI) of the Università della Svizzera Italiana, Switzerland.
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