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    Transaction Cost: Mastering Transaction Cost Economics, Navigating Markets, Decisions, and Success
    Transaction Cost: Mastering Transaction Cost Economics, Navigating Markets, Decisions, and Success
    Transaction Cost: Mastering Transaction Cost Economics, Navigating Markets, Decisions, and Success
    Ebook259 pages2 hours

    Transaction Cost: Mastering Transaction Cost Economics, Navigating Markets, Decisions, and Success

    By Fouad Sabry

    ()

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    About this ebook

    What is Transaction Cost


    When it comes to economics and other related fields, a transaction cost is a cost that is incurred when engaging in any kind of economic trade involving participation in a market. Oliver E. Williamson's article titled "Transaction Cost Economics," which was released in 2008, is credited with popularizing the concept of transaction costs. In 1931, the institutional economist John R. Commons presented the idea that transactions serve as the foundation for economic thinking. Douglass C. North contends that the establishment of institutions, which can be seen as the laws that govern a society, is an essential component in the process of determining transaction costs. When seen in this light, institutions that permit minimal transaction costs contribute to the expansion of the economy.


    How you will benefit


    (I) Insights, and validations about the following topics:


    Chapter 1: Transaction cost


    Chapter 2: Ronald Coase


    Chapter 3: Environmental economics


    Chapter 4: Free-rider problem


    Chapter 5: Externality


    Chapter 6: Market failure


    Chapter 7: The Nature of the Firm


    Chapter 8: Oliver E. Williamson


    Chapter 9: Coase theorem


    Chapter 10: Social cost


    Chapter 11: Theory of the firm


    Chapter 12: Hold-up problem


    Chapter 13: Price mechanism


    Chapter 14: Steven N. S. Cheung


    Chapter 15: New institutional economics


    Chapter 16: Market (economics)


    Chapter 17: Bilateral monopoly


    Chapter 18: Property rights (economics)


    Chapter 19: Yoram Barzel


    Chapter 20: The Problem of Social Cost


    Chapter 21: Market governance mechanism


    (II) Answering the public top questions about transaction cost.


    (III) Real world examples for the usage of transaction cost in many fields.


    Who this book is for


    Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Transaction Cost.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateFeb 6, 2024
    Transaction Cost: Mastering Transaction Cost Economics, Navigating Markets, Decisions, and Success

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