Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Transaction_cost> ?p ?o }
- Transaction_cost abstract "In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange (restated: the cost of participating in a market).Transaction costs can be divided into three broad categories: Search and information costs are costs such as in determining that the required good is available on the market, which has the lowest price, etc.Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction, drawing up an appropriate contract and so on. In game theory this is analyzed for instance in the game of chicken. On asset markets and in market microstructure, the transaction cost is some function of the distance between the bid and ask. Policing and enforcement costs are the costs of making sure the other party sticks to the terms of the contract, and taking appropriate action (often through the legal system) if this turns out not to be the case.For example, the buyer of a used car faces a variety of different transaction costs. The search costs are the costs of finding a car and determining the car's condition. The bargaining costs are the costs of negotiating a price with the seller. The policing and enforcement costs are the costs of ensuring that the seller delivers the car in the promised condition.".
- Transaction_cost thumbnail Market-Hierarchy-Model.png?width=300.
- Transaction_cost wikiPageExternalLink 368commonsinstitutionalecon.html.
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- Transaction_cost wikiPageExternalLink PPA16,M1.
- Transaction_cost wikiPageExternalLink B11TransactionCostEconomics.asp.
- Transaction_cost wikiPageExternalLink Williamson1981.pdf.
- Transaction_cost wikiPageExternalLink FirmAsGovernanceStructure.pdf.
- Transaction_cost wikiPageExternalLink article?id=pde2008_T000239&edition=current&q=transaction%20costs&topicid=&result_number=1.
- Transaction_cost wikiPageExternalLink www.instant-science.net.
- Transaction_cost wikiPageExternalLink Williamson%20(1985),%20chapter%201.pdf.
- Transaction_cost wikiPageExternalLink SchlagSCLR.pdf.
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- Transaction_cost wikiPageWikiLink Asset_specificity.
- Transaction_cost wikiPageWikiLink Bid–ask_spread.
- Transaction_cost wikiPageWikiLink Bilateral_monopoly.
- Transaction_cost wikiPageWikiLink Bounded_rationality.
- Transaction_cost wikiPageWikiLink Category:Costs.
- Transaction_cost wikiPageWikiLink Category:Microeconomics.
- Transaction_cost wikiPageWikiLink Category:New_institutional_economics.
- Transaction_cost wikiPageWikiLink Category:Production_and_organizations.
- Transaction_cost wikiPageWikiLink Category:Production_economics.
- Transaction_cost wikiPageWikiLink Chicken_(game).
- Transaction_cost wikiPageWikiLink Contract.
- Transaction_cost wikiPageWikiLink Cost.
- Transaction_cost wikiPageWikiLink Cost-minimization_analysis.
- Transaction_cost wikiPageWikiLink Diseconomies_of_scale.
- Transaction_cost wikiPageWikiLink Economic_anthropology.
- Transaction_cost wikiPageWikiLink Economics.
- Transaction_cost wikiPageWikiLink Efficiency.
- Transaction_cost wikiPageWikiLink Enterprise_resource_planning.
- Transaction_cost wikiPageWikiLink Financial_transaction.
- Transaction_cost wikiPageWikiLink Franchising.
- Transaction_cost wikiPageWikiLink Game_theory.
- Transaction_cost wikiPageWikiLink Gift.
- Transaction_cost wikiPageWikiLink Herbert_A._Simon.
- Transaction_cost wikiPageWikiLink Institution.
- Transaction_cost wikiPageWikiLink Institutional_economics.
- Transaction_cost wikiPageWikiLink John_R._Commons.
- Transaction_cost wikiPageWikiLink List_of_national_legal_systems.
- Transaction_cost wikiPageWikiLink Market_(economics).
- Transaction_cost wikiPageWikiLink Market_impact_cost.
- Transaction_cost wikiPageWikiLink Market_maker.
- Transaction_cost wikiPageWikiLink Market_microstructure.
- Transaction_cost wikiPageWikiLink Monopoly.
- Transaction_cost wikiPageWikiLink Monopsony.
- Transaction_cost wikiPageWikiLink Neoclassical_economics.
- Transaction_cost wikiPageWikiLink New_institutional_economics.
- Transaction_cost wikiPageWikiLink Nobel_Memorial_Prize_in_Economic_Sciences.
- Transaction_cost wikiPageWikiLink Oliver_E._Williamson.
- Transaction_cost wikiPageWikiLink Production_function.
- Transaction_cost wikiPageWikiLink Profit_maximization.
- Transaction_cost wikiPageWikiLink Property_rights_(economics).
- Transaction_cost wikiPageWikiLink Robinson_Crusoe.
- Transaction_cost wikiPageWikiLink Ronald_Coase.
- Transaction_cost wikiPageWikiLink Sales.
- Transaction_cost wikiPageWikiLink Search_cost.
- Transaction_cost wikiPageWikiLink Steven_N._S._Cheung.
- Transaction_cost wikiPageWikiLink Switching_barriers.
- Transaction_cost wikiPageWikiLink The_Nature_of_the_Firm.
- Transaction_cost wikiPageWikiLink The_New_Palgrave_Dictionary_of_Economics.
- Transaction_cost wikiPageWikiLink The_Problem_of_Social_Cost.
- Transaction_cost wikiPageWikiLink Theory_of_the_firm.
- Transaction_cost wikiPageWikiLink Trade.
- Transaction_cost wikiPageWikiLink Types_of_business_entity.
- Transaction_cost wikiPageWikiLink Widget_(economics).
- Transaction_cost wikiPageWikiLink File:Market-Hierarchy-Model.png.
- Transaction_cost wikiPageWikiLinkText "Transaction Costs".
- Transaction_cost wikiPageWikiLinkText "Transaction cost".
- Transaction_cost wikiPageWikiLinkText "contracts and transactions".
- Transaction_cost wikiPageWikiLinkText "transaction and uncertainty costs".
- Transaction_cost wikiPageWikiLinkText "transaction cost theory".
- Transaction_cost wikiPageWikiLinkText "transaction cost".
- Transaction_cost wikiPageWikiLinkText "transaction structuring".
- Transaction_cost wikiPageWikiLinkText "transactions costs".
- Transaction_cost wikiPageWikiLinkText "transactions".
- Transaction_cost wikiPageWikiLinkText "transcation costs".
- Transaction_cost sign John_R._Commons.
- Transaction_cost source "Institutional Economics, American Economic Review, Vol.21, pp.648-657, 1931".
- Transaction_cost text "These individual actions are really trans-actions instead of either individual behavior or the "exchange" of commodities. It is this shift from commodities and individuals to transactions and working rules of collective action that marks the transition from the classical and hedonic schools to the institutional schools of economic thinking. The shift is a change in the ultimate unit of economic investigation. The classic and hedonic economists, with their communistic and anarchistic offshoots, founded their theories on the relation of man to nature, but institutionalism is a relation of man to man. The smallest unit of the classic economists was a commodity produced by labor. The smallest unit of the hedonic economists was the same or similar commodity enjoyed by ultimate consumers. One was the objective side, the other the subjective side, of the same relation between the individual and the forces of nature. The outcome, in either case, was the materialistic metaphor of an automatic equilibrium, analogous to the waves of the ocean, but personified as "seeking their level." But the smallest unit of the institutional economists is a unit of activity -- a transaction, with its participants. Transactions intervene between the labor of the classic economists and the pleasures of the hedonic economists,simply because it is society that controls access to the forces of nature, and transactions are, not the "exchange of commodities," but the alienation and acquisition, between individuals, of the rights of property and liberty created by society, which must therefore be negotiated between the parties concerned before labor can produce, or consumers can consume, or commodities be physically exchanged".".
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- Transaction_cost subject Category:Costs.
- Transaction_cost subject Category:Microeconomics.
- Transaction_cost subject Category:New_institutional_economics.
- Transaction_cost subject Category:Production_and_organizations.
- Transaction_cost subject Category:Production_economics.
- Transaction_cost hypernym Cost.
- Transaction_cost type Organisation.
- Transaction_cost type Microeconomic.
- Transaction_cost type Redirect.
- Transaction_cost type Theory.
- Transaction_cost comment "In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange (restated: the cost of participating in a market).Transaction costs can be divided into three broad categories: Search and information costs are costs such as in determining that the required good is available on the market, which has the lowest price, etc.Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction, drawing up an appropriate contract and so on. ".
- Transaction_cost label "Transaction cost".