How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy … seventeenth century from successes in long distance trade, shipping and financial innovations. Despite its historical background … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy … seventeenth century from successes in long distance trade, shipping and financial innovations. Despite its historical background … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

-005-2933-4">'De Economist'</A>, 2005, 153(2), 139-165.<P> How much does a nation spend on resources to 'grease the wheels of trade … traders. This image was derived in the seventeenth century from successes in long distance trade, shipping and financial … in enhancing transactions cities or agglomerations remain important, suggesting that face-to-face trade remains an …

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 so that part of the mystery of missing trade can be attributed to the …

The practice of trade cost measurement faces several challenges related to data quality, methodology and theory; but … gaps between theory and practice. The results of this work show that domestic trade costs proportionally grow with economic … the major issue is that of data scarcity. Due to these facts both domestic and asymmetric trade costs have been ignored …

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 so that part of the "mystery of missing trade" can be attributed to …

How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy … seventeenth century from successes in long distance trade, shipping and financial innovations. Despite its historical background … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

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 … Determinanten zu beachten. Zudem sind die Transaktionskosten nur relativ ungenau zu berechnen, weshalb dieser Ansatz nicht allgemein …

telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …