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Transaction Costs and Incentive Theory
Revue d'économie industrielle, 2000Cet article propose de réconcilier la théorie des incitations et la théorie des coûts de transaction. Nous rappelons dans un premier temps les hypothèses fondamentales sous-tendant le Principe de Révélation utilisé dans la théorie des mécanismes incitatifs.
Malin, Eric, Martimort, David
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Liquidity Premia and Transaction Costs [PDF]
The Journal of Finance, 2005 ABSTRACTStandard literature concludes that transaction costs only have a second‐order effect on liquidity premia. We show that this conclusion depends crucially on the assumption of a constant investment opportunity set. In a regime‐switching model in which the investment opportunity set varies over time, we explicitly characterize the optimal ...
Mark Loewenstein +4 more
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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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Transaction Cost Economics As a Constructive Stakeholder Theory
, 2016We submit that the central managerial messages of transaction cost economics (TCE) have been lost or misconstrued in academic debates that miss the underpinning logic of the theory.
M. Ketokivi, Joseph T. Mahoney
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, 2016
As outsourcing continues to grow, supplier management becomes critical to the success of manufacturing firms. Transaction cost economics (TCE) suggests that firms should choose supplier governance mechanisms to ensure fulfillment of contractual ...
J. Wacker, Chen-Lung Yang, C. Sheu
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As outsourcing continues to grow, supplier management becomes critical to the success of manufacturing firms. Transaction cost economics (TCE) suggests that firms should choose supplier governance mechanisms to ensure fulfillment of contractual ...
J. Wacker, Chen-Lung Yang, C. Sheu
semanticscholar +1 more source
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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2019
Transaction costs on the housing market are, arguably, inevitable. They are also diverse. While fees and taxes are easily identified and observed, transaction costs can arise from the functioning of the market and its regulatory framework. For instance, there are costs related to obtaining information.
Peter Palm, Ola Jingryd, Lana Kordić
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Transaction costs on the housing market are, arguably, inevitable. They are also diverse. While fees and taxes are easily identified and observed, transaction costs can arise from the functioning of the market and its regulatory framework. For instance, there are costs related to obtaining information.
Peter Palm, Ola Jingryd, Lana Kordić
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Bad for Practice: A Critique of the Transaction Cost Theory
, 1996Transaction cost economics (TCE), and more specifically the version of TCE that has been developed by Oliver Williamson (1975, 1985, 1993b), has become an increasingly important anchor for the analysis of a wide range of strategic and organizational ...
S. Ghoshal, Peter Moran
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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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