Transaction Cost Economics and Contractual Choice: Theory and Evidence* *The authors gratefully acknowledge the useful comments of Lee Alston, David Feeny, Bruce Herrick, Timur Kuran, Mustapha Nabli, Keijiro Otsuka, Jean-Philippe Platteau, Murray Wolfson and numerous participants of the University of Warwick's Seminar in Economic Development held in July 1986 on earlier versions of this paper.

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