Due to limited financial resources of governments, Public Private Partnerships (PPPs) have emerged as one of the most important ways of delivering infrastructure projects. Compared to traditional delivery approaches, PPPs bundle complex investments and service provisions with different project entities in a single long-term contract. Because of these special characteristics, many transactions h...

Prior literature on the diversification discount and the relative efficiency of internal versus external capital markets provides decidedly mixed results. We argue that transactions cost economics are useful in understanding this puzzle. According to transactions cost economics, diversified firms should outperform single-segment firms in industries with higher external transaction costs (e.g., ...

PV prosumers could have a significant contribution to the 20/20/20 goals, but the Dutch electricity system is not equipped for this. The current net metering policy has an uncertain future and net metering takes away the time dependent, system critical, component of the balance of demand and supply for prosumers. An integrated transaction cost theory and market design method is used to analyze ...

The Application Service Provision (ASP) model offers a new form of IS/IT resource management option for which the vendor remotely provides the usage of applications over a network. Currently, the ASP industry appears to be more vendor-driven. But without a good understanding of how the ASP offerings might appeal to prospective customers, the industry might not survive. This study investigates e...

the purpose of this study is to assess the transaction cost of borrowing from non-governmental investment development funds which are established in less than a decade. transaction costs are considered as significant and limiting factors for micro-borrowers in using formal loans. the required data are provided by the investment developing support’s parent company using the stratified random sam...

“Transaction costs,” as a well-established theory in New Institutional Economics, has been used to explain and analyze various planning matters for about 30 years since its introduction literature. However, there is no study on how planning-related studies have utilized the theory. This paper conducts systematic review that aims develop better understanding of transaction-cost The shows while p...

The Coase±Williamson response to the question `̀ why do firms exist?'' is based on the idea that transaction costs in viable firms are lower than they would be if production was coordinated through the market. The explanatory focus of this argument is on the diminution of costs related to transactions between given individuals. However, this ignores the possibility of activities which are in pri...