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This discussion paper led to a publication in (W.D. Nelson (Ed.)), <I>Advances in Business and Management</I> (pp. 1-32), New York: Nova Publishers, 2011. In this era of globalization we see an increase in specialization: the production chain issplit up in more and more parts and the production of...</i>
Persistent link: https://www.econbiz.de/10011255533
Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...
Persistent link: https://www.econbiz.de/10011257331
of this outsourcing of tasks is a major concern, both for the country that outsources tasks and for the country to which … tasks are outsourced. This paper discusses the labour market effects of outsourcing in the Netherlands using a survey … interviews and survey make clear that a major motive for outsourcing is to organise production in such a way that total …
Persistent link: https://www.econbiz.de/10011256612
This era of globalisation is characterized by an ongoing international fragmentation of production where the supply chain is split up in more and more parts. The traditional Ricardian theory of trade in products governed by comparative advantages is replaced by a modern theory of trade in tasks....
Persistent link: https://www.econbiz.de/10011257525
This discussion paper has led to a publication in the <I>Journal of Business Ethics</I>, 2013, 117(3), 601-13.<P> Halal certification of financials product may reduce transaction costs for its buyers when it provides a trusted standard for investors that seek to comply with Islamic law. However, we show...</p></i>
Persistent link: https://www.econbiz.de/10011255522
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where...
Persistent link: https://www.econbiz.de/10011255824
A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the …
Persistent link: https://www.econbiz.de/10011255886
Transaction costs play a key role in the behaviour of smallholders in developing countries. We exploit the introduction of an additional tobacco auction floor in Malawi to investigate the impact of a reduction in transaction costs and improved market access on production per hectare and the...
Persistent link: https://www.econbiz.de/10011256379
One of the policy options to increase the efficiency in the provision of scarce water resources is a reduction in transaction costs in water chains by developing integrated forms of water management. Integrated water management in case of river basin areas may comprise inter alia: (1) increasing...
Persistent link: https://www.econbiz.de/10011256407
This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...
Persistent link: https://www.econbiz.de/10011256554