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Transaction costs and iceberg costs

Kjell Hausken and Galina Schwartz

Applied Economics Letters, 2011, vol. 18, issue 1, 101-102

Abstract: Iceberg costs are modelled as a transaction cost function, which increases exponentially in an action chosen by each player. The model estimates how much the players' joint ex post shares shrink in terms of their transaction constants and production.

Date: 2011
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DOI: 10.1080/13504850903427153

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