Results 11 to 20 of about 19,671 (255)
Networks and Transaction Costs [PDF]
American Journal of Agricultural Economics, 2011 Based on the well-known fact that social networks can provide effective mechanisms that help to increase the trust level between two trade partners, we apply a simple game-theoretical framework to derive transaction costs as a high risk of opportunistic behavior in a repeated trade relation determined by the density and size of trading networks. In the
Henning, Christian H.C.A. +2 more
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The Transaction Costs in Biotechnology [PDF]
SSRN Electronic Journal, 2011 This paper aims to relate the principles of Ronald Coase Theorem with negative impacts of biotechnology, taking cases of specific research groups and medium-sized companies in biotechnology. We consider an application of economic theory on transaction costs (TTC) provides a good foundation for understanding the underlying problems of this sector, even ...
Estrada, Fernando, Diaz, Natalia
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Double Auctions and Transaction Costs
Proceedings of the 23rd ACM Conference on Economics and Computation, 2022 Transaction costs are omnipresent in markets but are often omitted in economic models. We show that the presence of transaction costs can fundamentally alter incentive and welfare properties of Double Auctions, a canonical market organization. We further show that transaction costs can be categorized into two types.
Jantschgi, Simon +3 more
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Equilibrium returns with transaction costs [PDF]
Finance and Stochastics, 2018 Finance and Stochastics, Springer Verlag (Germany), In ...
Bouchard, Bruno +3 more
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Asymptotics for Fixed Transaction Costs [PDF]
SSRN Electronic Journal, 2013 An investor with constant relative risk aversion trades a safe and several risky assets with constant investment opportunities. For a small fixed transaction cost, levied on each trade regardless of its size, we explicitly determine the leading-order corrections to the frictionless value function and optimal policy.
Albert Altarovici +2 more
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Convex Duality with Transaction Costs [PDF]
SSRN Electronic Journal, 2016 Convex duality for two different super-replication problems in a continuous time financial market with proportional transaction cost is proved. In this market, static hedging in a finite number of options, in addition to usual dynamic hedging with the underlying stock, are allowed.
Yan Dolinsky, H. Mete Soner
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SSRN Electronic Journal, 2012 The study of the governance of economic organization has become a lively and diverse field of research over the last four decades. This chapter describes the fundamental ideas of Transaction Cost Economics (TCE) as these evolved in the 1970's to offer a methodology through which to analyze how the governance of economic organization has economizing ...
Tadelis, S, Williamson, OE
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Transaction Costs: A Conceptual Framework
International Journal of Engineering and Management Sciences, 2017 Transaction Costs (TC) is a very important topic, especially in a changing work environment which has a large number of operational firms, and increasing business growth.
Allam Yousuf
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Transaction Costs and Consumption [PDF]
Finance and Economics Discussion Series, 2007 The Rational Expectations Permanent Income Hypothesis (RE-PIH) fails to explain several features of consumption behavior documented by previous researchers. First, the marginal propensity to consume (MPC) out of unanticipated income shocks tends to decrease as the size of the shocks becomes larger.
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Determinants of transaction costs in construction projects
Journal of Civil Engineering and Management, 2015 Transaction costs occur when a good or service is transferred across a technologically separable interface, and include the costs of drafting, negotiating and enforcing an agreement, and also the costs of governance and bonding to secure commitments.
Huimin Li, David Arditi, Zhuofu Wang
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