Open reconfigurable network (ORN) is proposed to meet users’ diversified and dynamic requirements. Path deployment is a typical service in the ORN, and can be executed in the way of open nested transaction for high efficiency. In this transaction, each operation on network nodes (NNs) is a sub-transaction, which costs CPU resources. In this paper, first we build the cost model of the path deplo...

Fragmentation of production into more and more complex supply chains is a prominent feature of globalization. Transaction management purports to minimize the transaction costs associated with this fragmentation of production. In this era of globalization, transaction costs carry a large weight in total costs of ownership which is the relevant cost function in procurement decisions. This article...

Substantial economies of scale in the production of information goods give reasons for considering the outsourcing of the production. The trade in information goods – resulting from the outsourcing of the production – is a typical transaction which can be analysed using transaction cost theory. Taking into account the particular characteristics of information goods and the process of delivering...

The growth of electronic commerce (EC) may be impeded because payment systems (PS) designed for offline commerce have been adapted for online use, but without all of the information contained in physical meetings among transaction parties. Resulting problems add costs to transactions and affect profitability for EC transactions. New PS have been developed and are in various stages of theory, de...

In the research, it is aimed to measure the impact of outsourcing, which appears as a case of extremely critical within today's rapidly changing environmental conditions and brutal competitive conditions on the transaction costs of organizations and resources dependencies, on the businesses operating in Konya Organized Industrial Zone, in Turkey and to detect the relationship between these conc...

In this paper we examine users’ rationale for choosing a particular online transaction community. Based on transaction cost economics (TCE), we hypothesize that transaction costs affect users’ choice. We compare different institutional mechanisms – eBay’s identity recognition and reputation system vs. Craigslist’s face-to-face item-forcash local transaction. We also identify other factors relat...

An agent invests in two types of futures contracts, whose prices are possibly correlated arithmetic Brownian motions, and invests in a money market account with a constant interest rate. The agent pays a transaction cost for trading in futures proportional to the size of the trade. She also receives utility from consumption. The agent maximizes expected infinite-horizon discounted utility from ...

This article develops and tests a model of integration of a marketing function, personal selling. The model, derived from transaction cost analysis as developed principally by Williamson, is formulated as a logistic function, which is estimated with data from the electronic components industry. As expected, integration is associated with increasing levels of asset specificity, difficulty of per...

This paper distinguishes between governance structure and contractual form. The basic premise is that researchers often confuse these two concepts when they develop or empirically test models within the transaction cost framework. In the paper I utilize a simple principal-agent model to show that transaction cost factors affect both contractual form and governance structure, but not identically...

An agent invests in two types of futures contracts, whose prices are possibly correlated arithmetic Brownian motions, and invests in a money market account with a constant interest rate. The agent pays a transaction cost for trading in futures proportional to the size of the trade. She also receives utility from consumption. The agent maximizes expected infinite-horizon discounted utility from ...