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Persistent link: https://www.econbiz.de/10013436286
Determinanten des Globalisierungsgrades einer Branche ist die Höhe der Transaktionskosten. Niedrige Transaktionskosten führen … tendenziell zu globalisierten Märkten, hohe Transaktionskosten entsprechend zu segmentierten Märkten. Hinzu kommt, dass … Transaktionskosten auch Auskunft über den Grad des potentiellen Wettbewerbs geben können. Damit erhalten Wettbewerbsbehörden einen …
Persistent link: https://www.econbiz.de/10010295506
We consider a partnership game with two roles in which a large population of firms interact to carry out, say, R&D joint ventures. The partners have to build a common-property asset through a sequence of costly investments. Firms have access to a monitoring technology whose cost depends on the...
Persistent link: https://www.econbiz.de/10011608313
The economic characteristics of software and transaction costs explain, why closed source and open source software co-exist. It is about the efficient use of a non- and anti-scarce resource. But because of ex-post transaction costs that lead to information asymmetries, some property rights...
Persistent link: https://www.econbiz.de/10010273765
The paper explores theoretically and empirically why trade intermediaries (TIs) are frequently used as agents for exports to some countries but not to others. We adapt a standard intra-industry trade model with variable export costs (e.g. transport) and fixed export costs (e.g. market access) to...
Persistent link: https://www.econbiz.de/10010276548
telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …
Persistent link: https://www.econbiz.de/10011506581
International offset certificates trade at lower prices than European Union Allowances (EUAs), although they are substitutes within the EU Emissions Trading System (EU ETS) for CO2. Firms therefore had a strong incentive to use the cheaper certificates. However, a considerable number of firms...
Persistent link: https://www.econbiz.de/10011373905
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/10011380728
This paper empirically investigates the impact of transaction costs for monitoring, reporting, and verification (MRV) of emissions on companies regulated by the EU Emissions Trading System (EU ETS) in Germany. Based on a unique panel dataset, we investigate if MRV costs are dependent on the...
Persistent link: https://www.econbiz.de/10011381936
Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would …
Persistent link: https://www.econbiz.de/10011334351