scholarly journals Benefits and costs of connecting logistics enterprises to digital logistics platforms. The perspective of transaction costs theory

2021 ◽  
Vol 2021 (4) ◽  
pp. 81-99
Author(s):  
Jerzy Niemczyk ◽  
Paulina Szala
Keyword(s):  
Transaction Costs ◽  
Logistics Enterprises ◽  
Benefits And Costs

The Benefits and Costs of Employee Suggestions under Gainsharing

ILR Review ◽  
2005 ◽  
Vol 58 (4) ◽  
pp. 631-652 ◽  
Author(s):  
Dong-One Kim
Keyword(s):  
United States ◽  
Transaction Costs ◽  
High Performance ◽  
The United States ◽  
Manufacturing Plant ◽  
Implementation Costs ◽  
High Performance Work Practices ◽  
Using Data ◽  
Benefits And Costs ◽  
Robust Evidence

Using data for the years 1985–92 from a discontinued suggestion program at a manufacturing plant in the United States, this study examines the benefits and costs of suggestions under gainsharing. The implemented suggestions are found to have improved labor productivity and reduced grievances and disciplinary actions, but more robust evidence suggests that they also incurred transaction costs and implementation costs. The author speculates that substantial transaction and implementation costs may be a factor responsible for the typically modest outcomes and generally short longevity of employee involvement programs and high-performance work practices.

scholarly journals SOME MARKET EFFECTS OF E-COMMERCE

2001 ◽  
Vol 46 (01) ◽  
pp. 49-62 ◽  
Author(s):  
JOHN FREEBAIRN
Keyword(s):  
Technological Change ◽  
Transaction Costs ◽  
Production Costs ◽  
Efficiency Gains ◽  
Market Structures ◽  
Market Effects ◽  
Static Models ◽  
Competitive Forces ◽  
Profit Incentives ◽  
Benefits And Costs

An important characteristic of E-commerce is that it is a form of technological change. The effects of E-commerce induced reductions in business production costs and on seller to buyer transaction costs are assessed. Comparative static models for different market structures are used to assess the effects of E-commerce on prices, quantities, aggregate efficiency gains, and the distribution of benefits and costs. Ultimately consumers are the principal beneficiaries via lower prices. Competitive forces and profit incentives induce firms to adopt cost reducing E-commerce technology.

scholarly journals Addressing Global Environmental Externalities: Transaction Costs Considerations

2014 ◽  
Vol 52 (2) ◽  
pp. 424-479 ◽  
Author(s):  
Gary D. Libecap
Keyword(s):  
Property Rights ◽  
Transaction Costs ◽  
National Parks ◽  
Stratospheric Ozone ◽  
Montreal Protocol ◽  
Scientific Uncertainty ◽  
Environmental Externalities ◽  
Wild Fauna ◽  
Global Environmental ◽  
Benefits And Costs

Is there a way to understand why some global environmental externalities are addressed effectively, whereas others are not? The transaction costs of defining the property rights to mitigation benefits and costs is a useful framework for such analysis. This approach views international cooperation as a contractual process among country leaders to assign those property rights. Leaders cooperate when it serves domestic interests to do so. The demand for property rights comes from those who value and stand to gain from multilateral action. Property rights are supplied by international agreements that specify resource access and use, assign costs and benefits including outlining the size and duration of compensating transfer payments, and determining who will pay and who will receive them. Four factors raise the transaction costs of assigning property rights: (i) scientific uncertainty regarding mitigation benefits and costs; (ii) varying preferences and perceptions across heterogeneous populations; (iii) asymmetric information; and (iv) the extent of compliance and new entry. These factors are used to examine the role of transaction costs in the establishment and allocation of property rights to provide globally valued national parks, implement the Convention on the International Trade in Endangered Species of Wild Fauna and Flora, execute the Montreal Protocol to manage emissions that damage the stratospheric ozone layer, set limits on harvest of highly-migratory ocean fish stocks, and control greenhouse gas emissions. ( JEL D23, P14, Q22, Q51, Q54, Q58)

The benefits and costs of being bicultural

2006 ◽  
Author(s):  
Angela-MinhTu D. Nguyen ◽  
Veronica Benet-Martinez
Keyword(s):  
Benefits And Costs

From transaction costs to transaction value: Overcoming the frictional paradigm

2020 ◽  
pp. 51-81
Author(s):  
D. P. Frolov
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Path Dependence ◽  
Transaction Cost Economics ◽  
Cost Minimization ◽  
Low Cost ◽  
Coase Theorem ◽  
Transactional Analysis ◽  
Transaction Sector ◽  
Transaction Value

The transaction cost economics has accumulated a mass of dogmatic concepts and assertions that have acquired high stability under the influence of path dependence. These include the dogma about transaction costs as frictions, the dogma about the unproductiveness of transactions as a generator of losses, “Stigler—Coase” theorem and the logic of transaction cost minimization, and also the dogma about the priority of institutions providing low-cost transactions. The listed dogmas underlie the prevailing tradition of transactional analysis the frictional paradigm — which, in turn, is the foundation of neo-institutional theory. Therefore, the community of new institutionalists implicitly blocks attempts of a serious revision of this dogmatics. The purpose of the article is to substantiate a post-institutional (alternative to the dominant neo-institutional discourse) value-oriented perspective for the development of transactional studies based on rethinking and combining forgotten theoretical alternatives. Those are Commons’s theory of transactions, Wallis—North’s theory of transaction sector, theory of transaction benefits (T. Sandler, N. Komesar, T. Eggertsson) and Zajac—Olsen’s theory of transaction value. The article provides arguments and examples in favor of broader explanatory possibilities of value-oriented transactional analysis.

Non-Public Monetary Systems in information Economy

2013 ◽  
pp. 151-159
Author(s):  
O. Krasilnikov ◽  
E. Krasilnikova
Keyword(s):  
Transaction Costs ◽  
Information Economy ◽  
Internet Technologies ◽  
Monetary Systems ◽  
Public Money ◽  
Economic Institution

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.

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