As it lacks central management in Peer-to-Peer (P2P) e-commerce environments, prior to new transactions with an unknown peer, the trust evaluation is critical, which relies on the transaction history data. Traditionally the evaluation process is based on other peers’ recommendations neglecting transaction amounts. This may lead to the bias in the transaction trust evaluation and risk the new tr...

The evolution of mobile computing devices and wireless network has created a new mobile computing environment. Users equipped with portable devices can access, retrieve and process information while in mobility. Mobile devices like laptops; mobile phones have become more powerful data processing elements. Traditional transaction model has moved forwarding to mobile transaction system. Autonomou...

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...

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...

The theory of transaction costs is the basic analytical tool of the new institutional economics. However, there is a lot of argument over whether transaction costs can be measured, as well as how to measure transaction costs. This paper aims to build accounting methods for the direct measurement of transaction costs, and to provide empirical evidence for how transaction costs have effect on cor...