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#10167. Is brexit a transaction cost problem?

September 2026	publication date
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Journal’s subject area:

History; Social Sciences (all);

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Abstract:
This study analyzes the Brexit transaction cost concept. After the introduction, the transaction cost economics is explained in the first section. This section explains transaction cost progress with the contribution of Coase and Williamson. In the same section, the importance of transaction costs is also explained. This explains from which channels the transaction costs affect the economy. Williamsons Transaction Cost Economy is another subtitle in the same section. The relationship between governance and transaction costs is explained in section two. The third section explains the definition of political transaction costs, their importance and economic impacts. Brexit and political transaction costs are discussed in the last section.
Keywords:
Brexit; Governance; Political transaction cost; Transaction cost economics

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