Can transaction cost analysis reveal the cost of compliance?
It is the other way round. TF studies reveal c-of-c or cost of compliance, and thereby enrich transaction cost analysis, since TF qualifies for being a transaction cost analysis. TF analysis has developed largely around the Hicks-Samuelson framework of transaction cost analysis, rather than Coasian or NIE (new institutional economics) frameworks, although there is much potential for the latter.
