This article corrects:

  1. Transaction Costs and Institutions' Efficiency: A Critical Approach Volume 71, Issue 2, 254–276, Article first published online: 4 April 2012

The editor regrets that in volume 71: 2, an article entitled “Transaction Costs and Institutions’ Efficiency: A Critical Approach” by Cosmin Marinescu, published with questions regarding excessive self-citation.

Professor Marinescu published an earlier, incomplete version of this article in Volume 1, Issue 1 of the Romanian Economic and Business Review with the understanding that this earlier article would be retracted when his research was complete. Professor Marinescu published the final version of his article in AJES 71: 2, but the earlier version was not immediately removed from the Romanian Economic and Business Review website. This has been corrected, and the earlier version of the article was removed in July 2012.