This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...

See also F.A.G. den Butter, R. Hayat (2013), Trade between China and the Netherlands: a case study of trade in tasks, <I>Journal of Chinese Economic and Foreign Trade Studies</I>, 6(3), 178-191. <P> During the last decades, the growth of trade between China and the Netherlands has been larger than the...</p></i>