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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

Positional Power in Hierarchies

van den Brink, René; Steffen, Frank - 2007

Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare...

Persistent link: https://www.econbiz.de/10010325154

Axiomatizations of a Positional Power Score and Measure for Hierarchies

van den Brink, René; Steffen, Frank - 2008

Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about...

Persistent link: https://www.econbiz.de/10010325906

On the Measurement of Success and Satisfaction

van den Brink, René; Steffen, Frank - 2012

The main purpose of the present paper is to disentangle the mix-up of the notions of success and satisfaction which is prevailing in the voting power literature. We demonstrate that both notions are conceptually distinct, and discuss their relationship and measurement. We show that satisfaction...

Persistent link: https://www.econbiz.de/10010326272

On the Measurement of Success and Satisfaction

van den Brink, René; Steffen, Frank - 2012

Persistent link: https://www.econbiz.de/10014171313

Axiomatizations of a Positional Power Score and Measure for Hierarchies

van den Brink, René; Steffen, Frank - 2008

Persistent link: https://www.econbiz.de/10014047024

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