creating confidence in the stock market through a secure environment is one of the main achievements of stock markets in the world. in the stock markets of developed countries, there are markets which provide confidence and reduce the risks resulting from the fluctuation of share prices. these markets are called “stock transaction choice markets”. while comparing stock transaction choice contra...

In this paper we examine users’ rationale for choosing a particular online transaction community. Based on transaction cost economics (TCE), we hypothesize that transaction costs affect users’ choice. We compare different institutional mechanisms – eBay’s identity recognition and reputation system vs. Craigslist’s face-to-face item-forcash local transaction. We also identify other factors relat...

H incur transaction costs when choosing among off-line stores for grocery purchases. They may incur additional transaction costs when buying groceries online versus off-line. We integrate the various transaction costs into a channel choice framework and empirically quantify the relative transaction costs when households choose between the online and off-line channels of the same grocery chain. ...

this paper discusses the study of community’s preferences for biodiversity conservation management institution which may motivate them to support conservation efforts in the okwangwo division of the cross river national park, nigeria. the empirical data was generated from personal interviews and factors influencing the respondents’ choice were examined with the aid of multinomial logit mode...

explanations (Makino and Neupert, 2000; Taylor, Zou and Osland, 1998; Cleeve, 1997; Padmanabhan and Cho, 1996; Erramilli and Rao, 1993; Hennart, 1991; Gatignon and Anderson, 1988; Anderson and Gatignon, 1986). However, recently scholars such as Brouthers and Brouthers (2000) and Delios and Beamish (1999) have begun extending transaction cost entry mode theory by choices. We found that mode choi...

Over 20% of residential real estate transactions are in-house transactions, for which buyers and sellers are represented by the same brokerage. To investigate the underlying mechanisms that generate these in-house transactions, we first construct a search model that predicts two types of in-house transactions with different implications for market efficiency. The first is strategic promotion in...

This paper compares the economic efficiency of firm-agency governance structures for pollution reduction using transaction costs economics. Two governance structures are analyzed with the transaction costs approach: command and control regulation (CCR) and negotiated agreements (NAs). We propose that the choice of governance structure depends on the strategies firms pursue given the attributes ...