The Welfare Analytics of Transction Cots

unsophisticated & Applied Economics Association The upbeat Analytics of Trans performance Costs, Externalities, and institutional Choice Author(s): Ronald C. Griffin Source: American Journal of artless Economics, Vol. 73, No. 3 (Aug., 1991), pp. 601-614 Published by: Blackwell Publishing on behalf of the Agricultural & Applied Economics Association Stable uniform resource locator: http://www.jstor.org/stable/1242813 Accessed: 12/07/2010 14:13 Your hold of the JSTOR muniment indicates your acceptance of JSTORs Terms and Conditions of Use, available at http://www.jstor.org/ rascal/info/about/policies/terms.jsp. JSTORs Terms and Conditions of Use provides, in part, that unless you affirm obtained prior permission, you may not download an entire figure of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please play the publisher regarding any further use of this work. Publisher while away training may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=black. Each copy of any part of a JSTOR contagion must contain the same copyright notice that appears on the screen or printed page of such transmission.

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