Dependence of Research Productivity on Transaction Costs
نویسندگان
چکیده
منابع مشابه
Transaction Costs and Social Networks in Productivity Measurement
We argue that in the presence of transaction costs, observed productivity measures may in many cases understate the true productivity, as production data seldom distinguish between resources entering the production process and resources of a similar type that are sacrificed for transaction costs. Hence, both the absolute productivity measures and, more importantly, the productivity ranking will...
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Understanding the necessity of establishing a bank in Iran requires a correct realizing of the mechanism of the money market in an era in which banks had no place or position. At that time distrusting on the borrower credits, lack of reliable information about the number and place of lenders, rising interest rates and the prevalence of high- interest borrowing were some of the costs that transa...
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In a world with private information and learning on the part of the market participants, the (positive) difference between the observed transaction price of an asset and the corresponding unobserved full-information price (the price that reflects private and public information about the asset) represents an ideal measure of market quality. We call this difference “full-information transaction c...
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ژورنال
عنوان ژورنال: International Journal of Business and Management
سال: 2012
ISSN: 1833-8119,1833-3850
DOI: 10.5539/ijbm.v8n2p78