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As the process of globalisation of the world economy progresses, the degree of international competition among … they may also indicate the degree of potential competition, transaction costs can be of great importance for competition … Determinanten des Globalisierungsgrades einer Branche ist die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen …
Persistent link: https://www.econbiz.de/10010295506
This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...
Persistent link: https://www.econbiz.de/10010324378
This paper focuses on the issue of limited financial market participation and determines a lower bound on the level of fixed transaction costs that are required to reconcile observed portfolio choices with asset returns within an isoelastic utility framework. The bound is determined from the set...
Persistent link: https://www.econbiz.de/10010293023
Cities are not affected by global climate policy and the Kyoto Protocol – however many of them engage in voluntary activities. This paper analyses how communities in general and especially the city of Hamburg can contribute to global climate protection in their citypartnerships according to...
Persistent link: https://www.econbiz.de/10010295413
Wettbewerb, wovon jedoch nicht alle Branchen im gleichen Ausmaß erfasst werden. Determiniert wird der Globalisierungsgrad einer … Branche vor allem durch die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen tendenziell zu globalisierten … Märkten, hohe Transaktionskosten zu segmentierten Märkten. Damit kommt den Transaktionskosten eine erhebliche Bedeutung im …
Persistent link: https://www.econbiz.de/10010295596
Der Beitrag stellt eine auf der Transaktionskosten-Ökonomik basierende Analyse von Kollisionsnormen vor. Hierzu wird …
Persistent link: https://www.econbiz.de/10010296890
Transaction costs and risk have generally not been taken into account in assessing the Kyoto mechanisms JI, CDM and emissions trading. However, they can have a significant influence. With regard to the project-based mechanisms, the factor that most determines the influence of transaction costs...
Persistent link: https://www.econbiz.de/10010297308
den nominalen Zinssatz als auch zusätzliche Transaktionskosten umfasst, werden die Determinanten der Kreditkosten … die Wirkung der staatlichen Zinssubventionierung durch gesteigerte Transaktionskosten und adverse Selektion von …
Persistent link: https://www.econbiz.de/10010299404
Existing research on entry mode determinants is firmly grounded in the transaction cost and resource-based literature while location-and institution-specific characteristics lack attention. The primary goal of this article is to address the determinants of entry mode by Japanese manufacturing...
Persistent link: https://www.econbiz.de/10010302283
Recent literature indicates the significant role played by rural infrastructure in improving agricultural productivity in developing economies. While the availability and quality of rural infrastructure are never substitutes to efficient macroeconomic and agriculture-specific policies and the...
Persistent link: https://www.econbiz.de/10011421248