Managing Transaction Costs in the Era of Globalization

Frank Den Butter ()

in Books from Edward Elgar Publishing

Abstract: Frank A.G. den Butter explains the importance and means of keeping transaction costs as low as possible. He illustrates how this transaction management can contribute to making firms and nations more competitive by exploiting gains from the division of labour and international fragmentation of production, and uses relevant case studies to illustrate how value is created by reducing transaction costs. Policy recommendations for strengthening the competitive position of trading nations and reducing implementation costs of government policy are presented, and management methods for creating value in organizing production on a global scale are prescribed.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: Z0 (search for similar items in EconPapers)
Date: 2012
ISBN: 9781781001301
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Chapters in this book:

Ch 1 Introduction , pp 1-11

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Ch 2 Specialization and coordination , pp 12-20

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Ch 3 Empirics of the hub function of transaction economies , pp 21-48

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Ch 4 Transaction cost economics , pp 49-83

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Ch 5 The transition from production to orchestration , pp 84-116

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Ch 6 Transaction costs as determinants of trade flows , pp 117-143

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Ch 7 Standards , pp 144-175

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Ch 8 Innovation through transaction management , pp 176-195

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Ch 9 Government intervention and transaction management , pp 196-225

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Ch 10 Transaction management and the implementation of government policy , pp 226-250

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Ch 11 Conclusion , pp 251-257

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