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Transaction Costs

2015
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 ...
Marneffe, Wim, Bielen, Samantha, Vereeck, Lode   +2 more
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EQUILIBRIUM WITH TRANSACTION COSTS

Econometrica, 1971
Publisher 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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transaction costs, history of

2008
While the basic insight that underlies the transaction cost concept is probably as old as human reflection on economic issues itself, it became associated in the 19th century with the notion of economic friction, which was subsequently expressed as a cost.
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Transaction costs and iceberg costs

Applied Economics Letters, 2010
Iceberg 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.
Kjell Hausken, Galina A. Schwartz
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Transaction costs through time [PDF]

, 1997
An economic definition of transaction costs are the costs of measuring what is being exchanged and enforcing agreements. In the larger context of societal evolution they are all the costs involved in human interaction over time. It is this larger context that I wish to explore in this essay.
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Transaction Cost and Crowding

SSRN Electronic Journal, 2016
We use industry data to determine whether crowding of the investment space is caused by portfolio construction processes typical to the investment community. In particular, this paper examines the extent that transaction cost models cause crowding of the investment space, even when the investment models are completely unrelated to one another.
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Transaction Costs

CFA Digest, 2001
Stephen A. Berkowitz, Dennis E. Logue
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Transaction Costs

Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust the rules of the game to the requirements of economic ...
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Transaction Costs

2008
Svetozar Pejovich, Enrico Colombatto
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Transaction costs

2016
Introduction: Transaction costs are the costs of negotiating, contracting, implementing, and monitoring a PES program. They include all costs borne by a PES program other than those of actually producing an environmental service (such as investment in new land-use practices).
Jindal, Rohit, Kerr, John
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