TRANSACTION COSTS
저자: Elisha Sharma
1. Determinants of TC
1.1. Frequency of Transaction
1.2. Uncertainty
1.3. Limited Rationality
1.4. Opportunistic Behavior
1.5. Asset Specificity
2. Interpretation of TC
2.1. Monetary
2.2. Relational
2.3. Institutional
3. Restricting TC
3.1. Governance
3.2. Transactions with Small Set of People
3.3. Use of Social Capital
3.3.1. Goodwill
3.3.2. Coordination
3.4. Monetisation
3.5. Economies of Scale and Scope
3.6. Greater Information Symmetry
3.7. IT Solutions
3.7.1. Bypassing intermediaries
3.7.2. Reducing Communication Cost
3.7.3. Delivering Services
4. Types of TC
4.1. Inflation Cost
4.1.1. Screening Cost
4.1.2. Search Cost
4.2. Negotiation Cost
4.2.1. Enforcing Cost
4.2.2. Monitoring Cost
4.3. Inefficient Monetary Transaction
4.3.1. Intermediaries Cost
4.3.2. Cost of Disequilibrium
4.3.3. Transportaion Cost
4.4. Information Assymetry
4.4.1. Cost of Communication and Information
4.4.2. Adverse Selection
4.4.3. Moral Hazard
4.4.4. Price Discrimination