who maximizes expected utility of terminal wealth and faces transaction costs in the capital market. It is well known that …, depending on a particular structure of transaction costs, such a problem is formulated and solved within either stochastic … contemporary approaches and is capable to deal with any problem where transaction costs are a linear/piecewise-linear function of …

now considered an economy-specific solution to counteract the constant rise in costs caused by the intensified global … oneself from the limited account given by looking at wage costs, the analysis is conducted from the viewpoint of transaction … examining specific costs are weighed out against each other. It will be shown that relevant motivation and coordination costs …

Transaction costs involved while trading several assets may be described using bid-ask spread of the asset prices. We …

otherwise be used for wealth production resulting in huge transition costs. Noncompliant behaviors--evasion, avoidance … lowers transaction costs. In regimes of discretionary authority where formal institutions conflict with informal norms …