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      • Transaction costs are defined as the costs beyond the cost of the product or service that are required to exchange a product or service between two entities (Sarkis et al., 2011). The goal is to maximize transaction performance and minimize costs.
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      Transaction Costs Theory - an overview | ScienceDirect Topics

  2. www.sciencedirect.com · transaction-costs-theoryTransaction Costs Theory - an overview | ScienceDirect Topics

    Transaction costs are defined as the costs beyond the cost of the product or service that are required to exchange a product or service between two entities (Sarkis et al., 2011). The goal is to maximize transaction performance and minimize costs.

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  4. www.researchgate.net · publication · 30522507Transaction Costs and Information Systems - ResearchGate

    Jul 11, 2006 · Transaction cost theory has often been used to support to support the idea that information and communication technology (ICT) can reduce imperfection in the economic system.

    • Antonio Cordella

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  6. link.springer.com · content · pdfTransaction Costs and Information Systems: Does IT Add Up?*

    • Abstract
    • Introduction
    • Enforcement costs
    • Conclusions and implications for ICT strategies

    Transaction cost theory has often been used to support the idea that information and communication technology (ICT) can reduce imperfection in the economic system. Electronic markets and hierarchies have repeatedly been described as solutions to inefficiencies in the organization of transactions in complex and uncertain settings. Far from criticizi...

    See full list on link.springer.com

    The diffusion of information and communication technology (ICT) in society is always associated with an increased amount of information becoming avail-able. Moreover, ‘information society’ is not only defined by the greater amount of information required in an ever increasing range of human activities, but also by the expanded number of sources fro...

    See full list on link.springer.com

    The costs in this phase encompasses those incurred by the buyers and sellers in order to ensure that the virtual goods and services they transact, and the terms under which the transaction is made, are translated into physical goods and ser-vices. This encompasses any negotiations that address inadequate delivery, pay-ment disputes, and any investm...

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    The transaction costs approach is a powerful theory that describes the potential of information technology to improve information flow and to reduce transaction costs, thereby improving the efficiency of the economic system. This paper has, however, shown that in order to achieve this goal, a more informed approach to the study of the effects of IC...

    See full list on link.springer.com

    • Antonio Cordella
    • 2006

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  8. www.researchgate.net · publication · 334973258(PDF) Transaction cost theory: past, present and future

    Aug 5, 2019 · The premise of transaction cost theory relates to Ronald's (1937) classic article "The Nature of the Firm," in which he explored how hierarchies and markets encounter different information...

    • Aric Rindfleisch

  9. journals.aom.org · doi · 10Transaction Cost Theory: Past Progress, Current Challenges ...

    Feb 2, 2021 · In this essay, we lay out a path toward a pluralistic view of TCT that incorporates insights from multiple fields, primarily strategy and international business. In so doing, we critically assess the assumptions, key constructs, and evolving theoretical logic of TCT.

    • Ilya R. P. Cuypers, Jean-François Hennart, Brian S. Silverman, Gokhan Ertug
    • 2021

  10. link.springer.com · article · 10Transaction costs and information systems: does IT add up?

    Jul 11, 2006 · The transaction costs approach is a powerful theory that describes the potential of information technology to improve information flow and to reduce transaction costs, thereby improving the efficiency of the economic system.

  11. www.hbs.edu · ris · Publication FilesTransaction Cost Economics in the Digital Economy: A Research ...

    Transaction Cost Economics (TCE) theory has played an important role in understanding when it is more efficient for a transaction between two parties to occur within the market or within an organization.

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