The institutionalisation of zero transaction cost theory: a case study in Danish district heating regulation

Author(s):  
Søren Djørup
1988 ◽  
Vol 14 (4) ◽  
pp. 529-546 ◽  
Author(s):  
Gareth R. Jones ◽  
Michael W. Pustay

Transaction cost theory is used to examine the decision of horizontally linked firms to compete or cooperate in interorganizational exchange. It is argued that this decision depends on those dimensions of the environment that affect the level of transaction costs. Furthermore, it is argued that when transaction costs become too high for voluntary cooperation to occur in the market, firms seek hierarchical or third party solutions for managing interorganizational exchange. A qualitative analysis of the airline industry is presented as a case study that demonstrates empirically the effect of changes in transaction costs on the level of coordination over time.


Author(s):  
Cecilia Rossignoli ◽  
Lapo Mola ◽  
Antonio Cordella

The aim of this chapter is to analyse electronic marketplaces from an organisational point of view. These marketplaces are considered as a particular form of electronic network and are analysed from the perspective of transaction cost theory. This chapter considers the three classical effects identified by Malone et al. (communication effect, electronic integration effect, electronic mediation effect), and also evaluates a fourth effect on the grounds of empirical evidence; this effect is defined by Wigand as “the strategic electronic network effect.” Adopting the case study approach, the chapter describes how ICT affects marketplace organisation, and reshapes relationships among the actors involved in this particular type of electronic network.


2009 ◽  
Vol 2 (2) ◽  
pp. 1
Author(s):  
Guilherme Silveira Martins ◽  
Michele Esteves Martins ◽  
Luiz Carlos Di Serio ◽  
João Mário Csillag ◽  
Camila Aparecida Santos

This paper discusses the value creation sources of Mobile Payment concept into the Credit Card Chain. A case-study was developed based on the Transaction Cost Theory, Value Chain Analysis, RB V, Schumpeterian Innovation, and Strategic Network Theory. The results illustrate the technology potential to modify the configuration of Credit Card chain.


Energy ◽  
2021 ◽  
Vol 223 ◽  
pp. 119904
Author(s):  
Aysegul Abusoglu ◽  
Alperen Tozlu ◽  
Amjad Anvari-Moghaddam

2014 ◽  
Vol 657 ◽  
pp. 689-693
Author(s):  
Răzvan Corneliu Lefter ◽  
Daniela Popescu ◽  
Alexandrina Untăroiu

Important investmentsare made lately in the area of district heating, as a technology capable ofhelping countries to reach sustainability goals. In Romania, European fundswere spent for transition from the 2nd to the 3rdgeneration of district heating systems. The lack of appropriate monitoringsystems in old district heating systems makes optimisation nowadays very difficult,especially because nominal values used in the first design stage areoverestimated. Realistic nominal heat loads are necessary to make goodestimations of hydraulic parameters to be used for redesign. This studyproposes a method that uses the heat load duration curve theory to identify theappropriate nominal heat loads to be used for redesign. Comparison betweenresults obtained by applying the nominal heat loads of each consumer, as theywere established in the first design stage, and the ones identified by theproposed method are analyzed in a case study. The results show that errors arein the +/- 3% band, between the metered heat consumption rates and the proposedrates. The new method can be used for the sizing of pumps and district heatingnetworks after retrofit, in order to get better adjustments of the circulationpumps and increase of the energy efficiency.


2000 ◽  
Vol 21 (1) ◽  
pp. 215-242 ◽  
Author(s):  
Eric W.K. Tsang

Transaction cost theory has been the dominant theoretical lens used in the study of joint ventures. The purpose of this paper is to explain the formation of joint ventures from the resource-based perspective and to compare this perspective with transaction cost theory. By focusing on the cost aspect of a transaction, the transaction cost logic explains joint ventures in terms of market failure for intermediate inputs, asset specificity, and high uncertainty over specifying and monitoring performance. Putting more emphasis on the benefit side of a transaction, resource-based theory regards joint ventures as a means of exploiting and developing a firm's resources. The transaction cost and resource-based explanations are, to a certain extent, complementary. Taking the stance of theoretical pluralism, an attempt is made to synthesize the two theories into a more comprehensive perspective which takes both costs and benefits into account.


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