The Introduction of Rail Transport in the Prussian Rhine Province: A Transaction Cost Economic History

2008 ◽  
Author(s):  
Martin Holterman
Keyword(s):  
Transaction Cost ◽  
Economic History ◽  
Rail Transport ◽  
Transaction Cost Economic ◽  
Cost Economic

scholarly journals Allocating Risks in Public-Private Partnerships Using a Transaction Cost Economic Approach: A Case Study

2012 ◽  
Vol 9 (1) ◽  
pp. 19-26 ◽  
Author(s):  
Xioa-Hua Jin
Keyword(s):  
Transaction Cost ◽  
Transaction Cost Economics ◽  
Risk Allocation ◽  
Economic Approach ◽  
Logical Framework ◽  
Management Research ◽  
Transaction Cost Economic ◽  
Incomplete Contracting ◽  
Cost Economic

Public-private partnership (PPP) projects are often characterisedby increased complexity and uncertainty due to their idiosyncrasyin the management and delivery processes such as long-termlifecycle, incomplete contracting, and the multitude of stakeholders.An appropriate risk allocation is particularly crucial to achievingproject success. This paper focuses on the risk allocation in PPPprojects and argues that the transaction cost economics (TCE)theory can integrate the economics part, which is currently missing,into the risk management research. A TCE-based approach isproposed as a logical framework for allocating risks between publicand private sectors in PPP projects. A case study of the SouthernCross Station redevelopment project in Australia is presented toillustrate the approach. The allocation of important risks is putunder scrutiny. Lessons learnt are discussed and alternativemanagement approaches drawing on TCE theory are proposed.

Breaking out of the Regulatory Delusion. The Ban to Surrogacy and the Foundations of European Constitutionalism

Global Jurist ◽  
2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Valentina Calderai
Keyword(s):  
Public Policy ◽  
Transaction Cost ◽  
Legal Reform ◽  
Fundamental Rights ◽  
Top Down ◽  
Transaction Cost Economic ◽  
Economic Framework ◽  
Alternative Approach ◽  
Reproductive Services ◽  
Cost Economic

AbstractThe transnational market of reproductive services puts a strain on western European States that refuse to acknowledge surrogacy contracts on public policy grounds. The cases decided so far rise three questions. First, under what circumstances foreign surrogacy judgements should be recognised? Second, what would be the constitutional repercussions of the recognition of these judgements? Third, how would it be like a legislation at once effective and respectful of fundamental rights of all parties involved? This Article analyses these questions and how they relate to each other. Based on a transaction-cost economic framework an argument is made that neither top-down, nor market-based regulatory solutions overcome the constitutional arguments that uphold the ban to surrogacy. An alternative approach to legal reform is considered, grounded on IPL and substantive domestic measures.

scholarly journals A Wife’s Separate Financial Arrangement in Contemporary Japan

2003 ◽  
Vol 24 (3) ◽  
pp. 381-401 ◽  
Author(s):  
Hiromi Ono ◽  
Ming-Ching Luoh
Keyword(s):  
Panel Study ◽  
Married Couples ◽  
The United States ◽  
Major Influence ◽  
Partial Support ◽  
Transaction Cost Economic ◽  
Bank Account ◽  
Economic Framework ◽  
Logistic Regressions ◽  
Cost Economic

This article tests the applicability of Treas’s transaction cost economic framework to contexts outside the allocation of bank accounts among married couples in the United States. Using the Japanese Panel Study of Consumer Life, the authors apply logistic regressions among Japanese couples who have joint accounts to predict (a) the chance that the wife has a separate bank account from the joint account and (b) the chance that she has an allowance. The results provide only partial support for the hypotheses based on Treas’s framework. Whereas Treas argues that the potential discontinuity of a marriage has a major influence on a couple’s separate financial arrangement, the study finds no evidence consistent with this argument. Although some of Treas’s hypotheses are well supported when predicting the chance that a Japanese wife has an allowance, the same hypotheses are not supported when predicting the chance that she has a separate bank account.

scholarly journals PROACTIVE MEASURES OF GOVERNMENTAL DEBT GUARANTEES TO FACILITATE PUBLIC-PRIVATE PARTNERSHIPS PROJECT

2014 ◽  
Vol 20 (4) ◽  
pp. 548-560 ◽  
Author(s):  
Hui Ping Tserng ◽  
Shih-Ping Ho ◽  
Jui-Sheng Chou ◽  
Chieh Lin
Keyword(s):  
Public Private Partnerships ◽  
Rapid Transit ◽  
Short Term ◽  
Transaction Cost Economic ◽  
Policy Makers ◽  
Proactive Measures ◽  
Project Company ◽  
Cost Economic

Governmental Debt Guarantees (GDGs) are often used to encourage involvement by promoters and financial institutions in Public-Private Partnerships (PPP) projects. However, even after demonstrating the bankability of a project and reducing debt cost, the success of the project may be prevented by the lack of long-term commitment from shareholders. Equity contributions by promoters in the project company may be recovered from earnings on short-term construction activities. Based on lesson learned from early PPP projects with GDG, the hold-up problem for government in the view of transaction cost economic (TCE) theory may worsen if the designed contractual structure does not adequately manage opportunistic behaviours from promoters. This study empirically examined the effects of a structured GDG mechanism with particular complementary measures applied in joint projects to develop the Taipei Mass Rapid Transit (MRT) stations. A GDG game model was then applied to bridge the theoretical gap based on the Taipei MRT experience. The analysis shows that requiring the promoter to provide sufficient equity and ensuring the commitment of the lender to provide the loan are the appropriate proactive measures. This study demonstrates its practical value for policy makers by combining case study, TCE and game theory in contractual issues.

Arms, Guano, and Shipping: The W. R. Grace Interests in Peru, 1865–1885

1985 ◽  
Vol 59 (4) ◽  
pp. 597-621 ◽  
Author(s):  
C. Alexander G. de Secada
Keyword(s):  
Economic History ◽  
Rail Transport ◽  
Foreign Investor ◽  
Product Lines ◽  
Arms Trade ◽  
The Pacific ◽  
Dominant Actor ◽  
Trading Network ◽  
War Of The Pacific ◽  
Ambiguous Position

In this article Mr. Secada analyzes the origins of W. R. Grace and Company and its rise as a dominant actor in Peruvian economic history. He attributes this ascendancy primarily to the arms trade in which Grace engaged on behalf of the Peruvian government during the War of the Pacific (1879–84). Grace's early status as an intimate of the dominant Peruvian elite, its deft manipulation of its ambiguous position as an American shipping house, its imaginative construction of a nascent intercontinental trading network utilizing both sea and rail transport, and its willingness to invest its own capital in the development of potential product lines—all served to catapult the firm within a period of thirty years into a powerful trading house and foreign investor in Latin America.

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