Managing Transaction Costs, Supply Functions, and Price Advantage to Gain Market Competitiveness

2019 ◽  
Vol 2019 (1) ◽  
pp. 18656
Author(s):  
Ananya Rajagopal
Keyword(s):  
Transaction Costs ◽  
Market Competitiveness ◽  
Supply Functions

Public-Interest Supply Functions of Non-Public Funding Foundations: A Typology, Supply Pathways and Optimal Policies

2011 ◽  
Vol 3 (2) ◽  
pp. 195-220
Author(s):  
Liu Hai-long
Keyword(s):  
Transaction Costs ◽  
Public Interest ◽  
Public Funding ◽  
Resource Mobilization ◽  
Principal Agent ◽  
Demand Side ◽  
Optimal Methods ◽  
Policy Responses ◽  
Optimal Policies ◽  
Supply Functions

Abstract Since 2004, non-public funding foundations have developed rapidly. They have had important effects on resource mobilization, public-interest services and grant incubation. This study affirms non-public funding foundations’ role as “public-interest suppliers”. After an analysis of the entire supplier – that is, non-public funding foundation – industry’s development, a typology of non-public funding foundations as public-interest providers is presented and the concept of “agent foundations” introduced. Then, five foundation supply methods are discussed, including direct supply of funds, direct supply of services, indirect supply of funds, indirect supply of services and supply by foundation agents. The last type, in particular, is characterized by a unique principal-agent relationship. Then, from the angles of transaction costs, field effectiveness and optimal scales, it analyzes issues related to non-public funding foundations’ optimal supply decisions, including optimal methods, fields and scales of supply. Lastly, it identifies two major challenges from the demand side that non-public funding foundations face as they vigorously develop – homogeneous competition and insufficient effective demand – and offers policy responses.

From transaction costs to transaction value: Overcoming the frictional paradigm

2020 ◽  
pp. 51-81
Author(s):  
D. P. Frolov
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Path Dependence ◽  
Transaction Cost Economics ◽  
Cost Minimization ◽  
Low Cost ◽  
Coase Theorem ◽  
Transactional Analysis ◽  
Transaction Sector ◽  
Transaction Value

The transaction cost economics has accumulated a mass of dogmatic concepts and assertions that have acquired high stability under the influence of path dependence. These include the dogma about transaction costs as frictions, the dogma about the unproductiveness of transactions as a generator of losses, “Stigler—Coase” theorem and the logic of transaction cost minimization, and also the dogma about the priority of institutions providing low-cost transactions. The listed dogmas underlie the prevailing tradition of transactional analysis the frictional paradigm — which, in turn, is the foundation of neo-institutional theory. Therefore, the community of new institutionalists implicitly blocks attempts of a serious revision of this dogmatics. The purpose of the article is to substantiate a post-institutional (alternative to the dominant neo-institutional discourse) value-oriented perspective for the development of transactional studies based on rethinking and combining forgotten theoretical alternatives. Those are Commons’s theory of transactions, Wallis—North’s theory of transaction sector, theory of transaction benefits (T. Sandler, N. Komesar, T. Eggertsson) and Zajac—Olsen’s theory of transaction value. The article provides arguments and examples in favor of broader explanatory possibilities of value-oriented transactional analysis.

Non-Public Monetary Systems in information Economy

2013 ◽  
pp. 151-159
Author(s):  
O. Krasilnikov ◽  
E. Krasilnikova
Keyword(s):  
Transaction Costs ◽  
Information Economy ◽  
Internet Technologies ◽  
Monetary Systems ◽  
Public Money ◽  
Economic Institution

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.

Transactions in science in comparative perspective

2018 ◽  
pp. 52-69
Author(s):  
A. N. Oleinik
Keyword(s):  
Transaction Costs ◽  
Academic Freedom ◽  
North American ◽  
Institutional Environment ◽  
Scientific Productivity ◽  
Institutional Environments ◽  
Academic Administrator ◽  
The North ◽  
American Case ◽  
Transactional Approach

The article develops a transactional approach to studying science. Two concepts play a particularly important role: the institutional environment of science and scientific transaction. As an example, the North-American and Russian institutional environments of science are compared. It is shown that structures of scientific transactions (between peers, between the scholar and the academic administrator, between the professor and the student), transaction costs and the scope of academic freedom differ in these two cases. Transaction costs are non-zero in both cases, however. At the same time, it is hypothesized that a greater scope of academic freedom in the North American case may be a factor contributing to a higher scientific productivity.

Transaction Costs

CFA Digest ◽  
2001 ◽  
Vol 31 (3) ◽  
pp. 101-102
Author(s):  
William H. Sackley
Keyword(s):  
Transaction Costs

Pension Officers, Are You Wasting Management and Transaction Costs?

1977 ◽  
Vol 33 (2) ◽  
pp. 58-62
Author(s):  
Paul N. Wilson ◽  
Robert I. Cummin
Keyword(s):  
Transaction Costs

FEATURES OF THE WINTER WHITE CABBAGE VARIETIES GENERATIVE DEVELOPMENT

1970 ◽  
pp. 38-40
Author(s):  
R. E. Kazakhmedov ◽  
М. А Magomedova
Keyword(s):  
Hormonal Regulation ◽  
F1 Hybrids ◽  
Vegetable Crops ◽  
Stem Extension ◽  
Market Competitiveness ◽  
White Cabbage ◽  
Environmentally Safe ◽  
Selection Tasks ◽  
High Yielding Varieties ◽  
High Yields

One of the modern selection tasks in vegetable growing is quality products improving, obtaining high yields of environmentally safe wide assortment vegetables. To the new varieties of vegetable crops including winter white cabbage are specified new requirements such as market competitiveness, resistance to unfavorable environmental conditions, heat resistance of the varieties and F1 hybrids. The article is shown investigation results about studies of exogenous treatment by solutions on the base of physiologically active compounds of hormonal nature on the started process of stem extension stage activation and flowering of winter white cabbage plants. For the first time in the Dagestan conditions has been studied the possibility of hormonal regulation of the premature stem extension stage and flowering prevention of winter white cabbage after the initiation of natural induction. In our studies with an early planting there are not more than 20% of blooming plants, most varieties showed a high propensity to premature stem extension stage and flowering. The possibility of the hormonal exogenous regulation of the unfavorable winter white cabbage flowering has been revealed. The most pronounced effect on the transition to stem extension stage and flowering were provided by auxin nature preparations. In particular, treatment with NAS at a dose of 5 mg / l significantly reduced the number of blossom plants, krezatsin (50 mg / l) had a similar effect, but it was less pronounced. The use of cabbage in winter crops makes it possible to obtain two or three yields per year from the same area. Creation and introduction into production of promising and high-yielding varieties and hybrids will allow increasing production and reducing its cost.

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