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Institutional Foundations of Impersonal ExchangeTheory and Policy of Contractual Registries$
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Benito Arrunada

Print publication date: 2012

Print ISBN-13: 9780226028323

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226028354.001.0001

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Concluding Remarks

Concluding Remarks

(p.229) Concluding Remarks
Institutional Foundations of Impersonal Exchange

Benito Arruñada

University of Chicago Press

This chapter summarizes the book's main arguments. It discusses the value of functional property and business registries as market facilitators. These are costly and fragile institutions that must be well designed and wisely managed in order to be effective in reducing transaction costs and thus make truly impersonal (that is, asset-based) exchange possible. The chapter also looks into the challenge of public registries.

Keywords:   public registries, property registries, business registries, transactions costs

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