This paper presents a framework to analyze the potential changes in transaction costs due to theintroduction of e-commerce on transactions between businesses. It then illustrates and applies thisframework using internal data from an Internet-based firm to measure process improvements,marketplace...

The introduction of the accounting standards SFAS 123R and IFRS 2 forexecutive stock options has led to an important change. As companies arenow forced to value their stock options at grant date for accounting purposes,the robustness of prices against the choice of certain valuation models...

The paper analyzes the effect of agricultural tenancy laws offeringsecurity of tenure to tenants and regulating the share of output thatis paid as rent on farm productivity. Theoretically, the net impact oftenancy reform is shown to be a combination of two effects: a bargainingpower effect and a...