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Transaction Costs

Encyclopedia of Law and Economics, 2019
Abstract: Transaction costs is a generic term referring to the costs of transacting through the market (e.g., search, information, contract, monitoring costs). They are applied with different meanings to organizational structures (e.g., vertical integration), market failures (e.g., externalities), institutional choices (e.g., promotion of clubs), and ...
W. Marneffe, S. Bielen, Lode Vereeck
semanticscholar   +3 more sources

Paying Transaction Costs [PDF]

open access: yes, 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
openaire   +4 more sources

Transaction Costs

Algorithmic Trading Methods, 2021
R. Kissell
semanticscholar   +4 more sources

Water Markets, Water Courts, and Transaction Costs in Colorado

Water Resources Research, 2020
Water markets increasingly facilitate adaptation to water scarcity, but transaction costs can be barriers to expanded water marketing, particularly under water rights law in the western United States.
P. Womble, W. Hanemann
semanticscholar   +1 more source

Transaction cost regulation [PDF]

open access: possibleJournal of Economic Behavior & Organization, 2013
Abstract This paper discusses the fundamental underpinnings and some implications of transaction cost regulation (TCR), a framework to analyze the interaction between governments and investors fundamentally, but not exclusively, in utility industries.
openaire   +1 more source

Strategic responses to shocks: Comparative adjustment costs, transaction costs, and opportunity costs

Strategic Management Journal, 2019
Research Summary Shocks, whether they derive from shifts in demand, supply, regulation, or innovation, can create the need for competitive repositioning by industry participants when they disrupt established sources of competitive advantage.
Nicholas Argyres   +2 more
semanticscholar   +1 more source

Currency Substitution under Transaction Costs

AEA Papers and Proceedings, 2019
We consider a setting where agents can choose between two currencies to conduct their goods purchases. The usage of either currency comes with currency-specific transactions costs.
Linda Schilling, H. Uhlig
semanticscholar   +1 more source

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