Results 11 to 20 of about 631,693 (294)
Equilibrium Returns with Transaction Costs [PDF]
Finance and Stochastics, 2018 We study how trading costs are reflected in equilibrium returns. To this end, we develop a tractable continuous-time risk-sharing model, where heterogeneous mean-variance investors trade subject to a quadratic transaction cost.
Bouchard, Bruno +3 more
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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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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
Guillaume Daudin
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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
doaj +1 more source
Classification of transaction costs of rent business entities
Економіка, управління та адміністрування, 2021 The change of economic formation in the post-Soviet countries has led to the revision of the attitude to rent relations, as well as the assessment of their effectiveness.
S.V. Bardash, Т.S. Osadcha
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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 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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Trade, Trust and Transaction Costs [PDF]
SSRN Electronic Journal, 2003 Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade so that part of the "mystery of missing trade" can be ...
Frank A.G. den Butter, Robert H.J. Mosch
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