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Halal Certification for Financial Products: A Transaction Cost Perspective

Hayat, Raphie; den Butter, Frank A.G.; Kock, Udo - 2011

time (20 days ) and money (USD 122,000) to obtain a halal certification. Mainly, this is because the market is very … concentrated and forms a closed circuit. About 20 Sharia scholars control more than half the market, of which the top 3 earn an … estimated USD 4.5 mln in fees per year. Moreover this market seems plagued by a number of problems, most notably a strong …

Persistent link: https://www.econbiz.de/10010326346

Trade, Trust and Transaction Cost

den Butter, Frank A.G.; Mosch, Robert H.J. - 2003

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade...

Persistent link: https://www.econbiz.de/10010324925

Transaction Management: Value Creation by Reducing Transaction Costs

den Butter, Frank A.G. - 2010

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 these parts is outsourced to thoseplaces in the world where production is relatively cheapest and most efficient. Itimplies that transaction costs,...

Persistent link: https://www.econbiz.de/10010325952

The Institutional Economics of Stakeholder Consultation; Reducing Implementations Costs through 'Matching Zones'

den Butter, Frank A.G.; ten Wolde, Sjoerd - 2011

This paper discusses various ways to organise these consultations, so that a compromise agreement is reached on the solution of the (re)distribution problem. These institutionalised structures of consultation are referred to as 'matching zones' here. Practical experiences, mainly from the...

Persistent link: https://www.econbiz.de/10010326143

The Effectiveness of Dutch Municipal Recycling Policies

Dijkgraaf, Elbert; Gradus, Raymond - 2014

The EU advocates a household waste recycling rate of more than 70%. Although the Netherlands already years ago invested in recycling policies heavily, this is still a large challenge as nowadays on average this rate is approximately 50% and nearly no municipalities have a rate above 70%. Given...

Persistent link: https://www.econbiz.de/10010491384

The Transaction Costs Perspective on Standards as a Source of Trade and Productivity Growth

den Butter, Frank A.G.; Groot, Stefan P.T.; Lazrak, Faroek - 2007

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/10010325142

Procurement: The Transaction Costs Perspective in a Globalising World

den Butter, Frank A.G. - 2007

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/10010325237

Productivity Gains from Offshoring: an Empirical Analysis for the Netherlands

den Butter, Frank A.G.; Pattipeilohy, Christiaan - 2007

A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs, using a recent theory on trade in tasks. A production...

Persistent link: https://www.econbiz.de/10010325596

Trade between China and the Netherlands: a Case Study of Globalization

den Butter, Frank A.G.; Hayat, Raphie - 2008

-house when the asset specificity of the traded inputs is high and offshore via the market when this asset specificity is low …

Persistent link: https://www.econbiz.de/10010326028

Contracting out, an Empirical Study on Motives

Wassenaar, Mattheus; Groot, Tom; Gradus, Raymond - 2010

Municipalities may have various motives for decisions on the mode of their task execution. Empirical studies – based on both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal contracting out decisions. Therefore, we held...

Persistent link: https://www.econbiz.de/10010325826