Public choice ana lysis of voting predicts apathy and rational ignorance. Transactions cost analysis forms predictions on the basis of systematic responses to low-cost signals that serve to reduce decision-making costs. Public choice analysis is premised only on instrumental rationality; a transactions cost analysis includes analysis of intrinsic motivation, ie. analysis of 'consumption' benefi...

A substantial literature has evolved focusing on the ownership structure of international strategic alliances (ISAs). Most of the relevant studies are theoretical in nature and concentrate on the conceptual factors that influence the choice between equity and non-equity structures. A smaller number of studies provide some empirical evidence on the importance of some of the conceptual factors. T...

Now a day the usage of credit cards has dramatically increased. As credit card becomes the most popular mode of payment for both online as well as regular purchase, cases of fraud associated with it are also rising. Various techniques like classification, clustering and apriori of web mining will be integrated to represent the sequence of operations in credit card transaction processing and sho...

This paper focuses on the choice of the governance form of strategic alliances. We survey arguments inspired by the transaction cost economics tradition and other contractual perspectives on the theory of the firm, according to which such choice mainly depends on the transaction cost economizing properties of different organizational forms. We proposes additional considerations based on evoluti...

The title of this article suggests that property is subject to a fundamental law of entropy, namely that it is affected by a one-directional bias leading towards increasing fragmentation. The application of the laws of entropy to property further indicates that one can avoid this tendency only in the purely abstract world of zero transaction costs. Building upon this consideration, I consider t...

This study provides empirical findings on determinants of mobile network operators’ (MNO) choices of cross-border entry modes. Arguments mainly from transaction cost theory are used to derive hypotheses and research questions on factors explaining entry mode selection decisions between (1) minority versus majority equity share purchases, and (2) engagements in established operations versus gree...

This study examines how firms choose organizational form for their R&D alliances. Encouraging cooperation in these alliances is often challenging, given the difficulties in knowledge sharing between partners and protecting the property rights over partner knowledge. Interestingly, knowledge based and transaction cost perspectives generate different hypotheses on alliance organization choice in ...

Smallholder farmers have two basic decisions to make regarding selling their surplus produce: selling at farmgate at low prices or travelling to a market centre where higher prices are offered while incurring some transaction costs. Whichever decision is made has implications for poverty alleviation efforts. Previous studies have ignored modelling participation and market choice simultaneously....