منابع مشابه
Strategic Management of the Innovative Activity of the Enterprise
Effective innovative activity of enterprises with the dynamic economic development is possible under the conditions of timely implementation of innovative projects that satisfy and meet the requirements of the external and internal environment and contribute to building up their own potential with the orientation of the enterprise activity on the long-term prospect of development. This contribu...
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In a world with private information and learning on the part of the market participants, the (positive) difference between the observed transaction price of an asset and the corresponding unobserved full-information price (the price that reflects private and public information about the asset) represents an ideal measure of market quality. We call this difference “full-information transaction c...
متن کاملShrouded Transaction Costs∗
The proliferation of new payment methods on the Internet rekindles the old and unsettled debate about merchants’ incentive and ability to differentiate price according to payment choice. This paper develops an imperfect-information framework for the analysis of platform and social regulation of card surcharging and cash discounting. It makes three main contributions. First, it identifies the co...
متن کاملNetworks and Transaction Costs
Based on the well-known fact that social networks can provide effective mechanisms that help to increase the trust level between two trade partners, we apply a simple game-theoretical framework to derive transaction costs as a high risk of opportunistic behavior in a repeated trade relation determined by the density and size of trading networks. In the empirical part of the paper we apply a two...
متن کاملEvaluation of Micropayment Transaction Costs
Electronic money, in general, is used for trading over electronic channels such as the Internet, or mobile networks. Micropayments, in particular, can be used for the purchase of low value intangible goods (i.e., nonphysical assets like data and information). For these products, the use of payment instruments like on-line credit cards tends to be more expensive than the actual product. For this...
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ژورنال
عنوان ژورنال: SHS Web of Conferences
سال: 2017
ISSN: 2261-2424
DOI: 10.1051/shsconf/20173501118