Article ID: | iaor20062500 |
Country: | Spain |
Volume: | 11 |
Issue: | 1 |
Start Page Number: | 69 |
End Page Number: | 92 |
Publication Date: | May 2006 |
Journal: | Fuzzy Economic Review |
Authors: | Fanti M.P., Dotoli M., Costantino N., Falagario M., Iacobellis G. |
Keywords: | fuzzy sets, economics |
Transaction costs analysis is concerned with ways of aligning appropriate governance modes with the attributes of economic transactions. Nowadays transaction costs are universally accepted, despite the difficulty in measuring and quantifying them. Starting from the customary definition of transaction costs, this paper proposes a model for the buyer/seller relationship, focusing on the uncertainty characterizing the exchange and the connected costs. In particular, according to a well-known classification, the transaction costs connected to the purchasing phase are divided in