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The Cost of Transacting

Harold Demsetz
The Quarterly Journal of Economics
Vol. 82, No. 1 (Feb., 1968), pp. 33-53
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1882244
Page Count: 21
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The Cost of Transacting
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Abstract

Introduction, 33.--The definition and measurement of transaction cost on the New York stock exchange, 35.--The determination of the ask-bid spread, 40.--The determination of the transaction rate, 45.--Statistical results, 46.--Summary and comments, 50.--Appendix I, 52.--Appendix II, 53.

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