Results 291 to 300 of about 137,465 (325)
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EQUILIBRIUM WITH TRANSACTION COSTS
Econometrica, 1971Publisher Summary This paper examines some of the modifications required in well known propositions of general equilibrium theory when transactions require resources. Some preliminary remarks on the analysis of money in such economies are also offered.
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1983
Publisher Summary This chapter highlights the incentives to integrate and transaction cost determinants. It discusses the inadequacy of the simple decision rule, which states that a firm should always integrate across any market for which internal transfers are cheaper than market transactions.
ROGER D. BLAIR, DAVID L. KASERMAN
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Publisher Summary This chapter highlights the incentives to integrate and transaction cost determinants. It discusses the inadequacy of the simple decision rule, which states that a firm should always integrate across any market for which internal transfers are cheaper than market transactions.
ROGER D. BLAIR, DAVID L. KASERMAN
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The Quarterly Journal of Economics, 1968
Introduction, 33. — The definition and measurement of transaction cost on the New York stock exchange, 35. — The determination of the ask-bid spread, 40. — The determination of the transaction rate, 45. — Statistical results, 46. — Summary and comments, 50. — Appendix I, 52. — Appendix II, 53.
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Introduction, 33. — The definition and measurement of transaction cost on the New York stock exchange, 35. — The determination of the ask-bid spread, 40. — The determination of the transaction rate, 45. — Statistical results, 46. — Summary and comments, 50. — Appendix I, 52. — Appendix II, 53.
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Transaction costs and iceberg costs
Applied Economics Letters, 2010Iceberg costs are modelled as a transaction cost function, which increases exponentially in an action chosen by each player. The model estimates how much the players' joint ex post shares shrink in terms of their transaction constants and production.
Galina Schwartz, Kjell Hausken
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Paying transaction costs [PDF]
, 2006 This paper tries to understand the adoption of different organisational forms by trade intermediaries. It does that by exploring their options in a coherent economic framework emphasizing the importance of paying transaction costs. It is based both on my knowledge of 18th century French traders and some insights from more contemporaneous situations. In
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American Journal of Agricultural Economics, 1999
Three very different views of the role of transaction costs in computable general equilibrium (CGE) models are presented in these papers. Transaction costs distinguish urban from rural, town from surrounding villages, and even the household from the surrounding world.' In the world of CGE modelers, the costs of trading goods from one domain to another ...
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Three very different views of the role of transaction costs in computable general equilibrium (CGE) models are presented in these papers. Transaction costs distinguish urban from rural, town from surrounding villages, and even the household from the surrounding world.' In the world of CGE modelers, the costs of trading goods from one domain to another ...
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2005
The authors examine the causes and consequences of complexity among the broadly economic phenomena of firms, industries and socio-economic policy. The book makes a valuable contribution to the increasingly prominent subject of complexity, especially for those whose interests include evolutionary, behavioural, political and social approaches to ...
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The authors examine the causes and consequences of complexity among the broadly economic phenomena of firms, industries and socio-economic policy. The book makes a valuable contribution to the increasingly prominent subject of complexity, especially for those whose interests include evolutionary, behavioural, political and social approaches to ...
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Strategy and Transaction Costs
2010Since its emergence in the 1970s, transaction cost economics (TCE) has become a leading approach in the research on contracts, firm organization and strategy, antitrust, marketing, inter-firm collaboration and entrepreneurship. With contributions by leading scholars in economics, law and business administration – including Oliver E.
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COST SHARING, TRANSACTION COSTS, AND CONSERVATION
2003Conservation subsidies may be awarded for otherwise profitable projects, in which case they do not improve environmental quality. We show that transaction costs involved in such subsidy programs may induce farmers to reduce the size and scope of conservation projects.
Lichtenberg, Erik +3 more
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Transaction Costs and the Pricing of Assets
The Journal of Finance, 1981ABSTRACTThe existence of transaction costs explains why investors do not fully diversify their portfolios. This paper examines the implications of such limited diversification on equilibrium asset prices in the framework of the capital asset pricing model.
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