This study builds on developments in transaction cost economics to examine how institutional environment and transaction (project) characteristics affect governance of inter-firm alliances. The focus is on the choice between equity and contractual alliance forms under differing regimes of intellectual property protection and other national institutional features. Empirical results identify tran...

With transaction-driven personalization engines online merchants can use knowledge gained from an individual customer’s past transactions to match web content to the customer’s individual interests and preferences. Prior research in this area has focused on how to maximize knowledge mined from transaction logs to generate recommendations which are highly similar to the individual’s past prefere...

In this paper, we investigate the optimal choice of transfer pricing regulations from a normative point of view. In this context we put special emphasis on the treatment of business relocations. Two inefficiencies may arise: First, firms may structure a transaction as multinational enterprise (MNE) for tax reasons even though it would be welfare enhancing to carry out the transaction between un...

Cost-efficient processing and low working capital requirements are highly important for online retailers’ competitiveness and profitability. Therein, a sound understanding of transaction costs of respective payment instruments is extremely relevant when deciding which payment method to offer in ecommerce. Using a unique dataset with more than 14 million actual sales transactions from a leading ...

A method and a tool for supporting transaction design in conceptual modelling of information systems is presented. The method derives automatically a transaction specification that integrates in a uniform manner the updating of base and derived information and the checking and maintenance of integrity within an information base conceptual schema. Transaction specifications thus obtained achieve...

A method and a tool for supporting transaction design in conceptual modelling of information systems is presented. The method derives automatically a transaction specification that integrates in a uniform manner the updating of base and derived information and the checking and maintenance of integrity within an information base conceptual schema. Transaction specifications thus obtained achieve...

The problem of dynamic portfolio choice with transaction costs is often addressed by constructing a Markov Chain approximationof the continuous timeprice processes. Using this approximation,wepresent an efficient numerical method to determine optimal portfolio strategies under timeand state-dependent drift and proportional transaction costs. This scenario arises when investors have behavioral b...