entity · derived
Transaction costs
Derived node: assembled mechanically from the claims carrying transaction-costs. A roster, not an adjudicated definition.
Every claim under this term
- 1428387-018 : State de minimis investment adviser registration exemptions can be an attractive alternative to federal law for hedge fund managers, especially in a fund's start-up phase, because state registration w
- 1428387-034 : Requiring hedge funds to supply risk and valuation data in a simplified format would in fact impose a significant burden on the industry, since simplification requirements would raise transaction cost
- 1664809-015 : Assimilation of US legal rules into European regulatory approaches may itself increase transaction costs for the jurisdiction that changes its law.
- 1664809-023 : Legal uncertainty generates transaction costs, and European company boards will inevitably incur costs minimizing the information asymmetries created by different legal regimes that may or may not app
- 1806252-006 : Regulating entities that operate in the same markets under asymmetric rules creates legal uncertainty and significant transaction costs.
- 1806252-018 : A lack of regulatory guidance creates legal uncertainty, and legal uncertainty in turn generates transaction costs.
- 1806252-026 : Implementing the hedge fund lending charge through Basel III would require no separate national implementation, because compliance falls on banks that have already joined the framework, so transaction
- 2267560-019 : NIE acknowledges that transaction costs, imperfect information, and bounded rationality influence the rulemaking process, with the consequence that even optimal solutions to regulatory problems become
- 2267560-033 : Opportunistic behavior, transaction costs, and bounded rationality undermine comprehensive contracting, so contracting parties do not specify all of their respective obligations ex-ante because antici
- 2267560-035 : The learning process in incomplete contract theory can be improved because experimentation with different rules, rule revision, and additional rulemaking create significant transaction costs, and post
- 2273857-010 : A regulatory framework that relies exclusively on stable and presumptively optimal rules cannot adequately address future challenges, and the amendments, revisions, and retractions such a framework ge
- 2273857-022 : During and after crises, political entrepreneurs assume the transaction costs of organizing otherwise disinterested latent groups, which temporarily overcomes the predominance of special interest grou
- kaal-2014-dynamicregulationviagove-004 : Dynamic elements function as an economizing device: they address the scarcity of regulatory resources and lower the cost of rulemaking by curtailing the collective action problem in rulemaking, the re
- kaal-2014-dynamicregulationviagove-005 : Because transaction costs, imperfect information, and bounded rationality shape the rulemaking process, even solutions that are optimal at enactment become unstable and suboptimal over time.
- kaal-2014-dynamicregulationviagove-009 : Experimentation with different rules under the current framework of stable rulemaking carries substantial costs of rule revision and enactment, and there is evidence that this framework does not prote
- kaal-2014-dynamicregulationviagove-029 : Because a governmental contract is executed only after wrongdoing has been identified and assessed, the parties can contract for governance improvements with relative precision, which reduces the amou
- 2939127-014 : Because a public blockchain is genuinely public and immutable, it increases transparency while simultaneously and significantly reducing transaction costs.
- 2992962-012 : Regulating blockchain through the non anonymous application of the technology creates large inefficiencies that will be bypassed by the more efficient anonymous applications, and it is for those more
- 2992962-036 : Because of the fees attached to its extra verification layer, the OpenBazaar dispute resolution mechanism creates substantial transaction costs that pure Ethereum based self executing smart contracts
- 2992962-037 : In contrast with OpenBazaar, the authors' proposed open source ecosystem allows dispute resolution only if and when a smart contract has actually resulted in a dispute, which keeps smart contracting t
- 2992962-040 : For crypto economy participants who wish to minimize the transaction costs of dual integration and retain anonymity, the authors' proposed open source platform ecosystem is more likely than all other
- 2998033-001 : Blockchain technology lowers transaction costs by eliminating intermediaries, and it substitutes immutability and cryptography for the trust that intermediaries previously supplied.
- 2998033-023 : Because blockchain is transparent, verifiable, self authenticating and self enforcing, financial transactions can be executed instantaneously at near zero transaction cost, which raises efficiency for
- 3071378-003 : Because the public blockchain is public and immutable, the technology increases transparency while significantly reducing transaction costs, and intermediaries including lawyers are replaced by code,
- 3128900-040 : Payment intermediary fees such as Paypal's are viable only for higher volume workers who can eventually avoid them, so they operate as an entry barrier against new micro task workers.
- 3249860-004 : Decentralized solutions can challenge the basic assumptions of the theory of the firm, because the role of the firm changes if decentralized technology lowers the cost of using markets exponentially.
- 3249860-005 : DAOs can replace the coordination and monitoring functions supplied by the firm, because they can measure each member's contribution to the finished work product more efficiently and allocate rewards
- 3373393-025 : Smart contracts enabled by blockchain technology allow comprehensive, near error free, and zero transaction and agency cost coordination of agency relationships.
- 3405401-005 : Smart contracts benefit business by simplifying and automating transactions, removing transaction costs, and creating certainty for counterparties, and they are inexpensive to run on a blockchain.
- 3405401-006 : Automation in smart contracting reduces negotiation between counterparties to near minimal levels and removes almost all of the transaction costs typically associated with contracting.
- 3405660-015 : Coordinated international cooperation in hedge fund regulation will ultimately be hindered by administrative costs, immense transaction costs, setup costs and, above all, the divergent interests of of
- 3406323-012 : Decentralized technologies increase consumer and market trust at unprecedented scale, which lowers transaction costs and raises confidence and certainty, thereby facilitating economies of scale that c
- 3406323-030 : Smart contracts enable anonymous parties to engage in decentralized commerce because automated contracting self-executes and self-regulates according to mathematical strictures, removing the need for
- 3409548-023 : Legacy systems at private investment funds and banks are more expensive, more error prone, and slower than emerging blockchain technologies, a gap illustrated by the $1.7 trillion in processing fees b
- 3409548-024 : Because blockchain is transparent, verifiable, self-authenticating and self-enforcing, transactions can settle instantaneously at near zero cost, and it is this combination plus technology-driven demo
- 3411110-001 : Existing ledger structures for securities offerings are defective: because individual firms rely on batch processing, the model generates dependencies, multi-day settlement times, distinctive operatio
- 3411897-019 : Intermediary fees in centralized fiat payment systems make those systems economically viable only at higher transaction volumes, which creates barriers to entry that decentralized payment systems do n
- 3606663-026 : Centralized financial technology does not complete the disintermediation it promises, because users still deal with a technology company as intermediary instead of a financial institution, which leave
- 3782198-034 : A decentralized banking DAO built on top of the Bitcoin ledger could charge a smaller fee to hold minor transactions temporarily and bundle them into a single larger Bitcoin transaction on the eternal
- 3782201-007 : Code based trust in decentralized applications lowers transaction costs and simultaneously raises consumer and market confidence and certainty, which facilitates economies of scale that are only occas
- 3782205-029 : Renegotiating contracts every time the currency's value changes is expensive and continually and randomly punishes at least one of the contracting parties.
- 3782216-003 : Blockchain transactions will always be expensive compared with other peer to peer transactions, because blockchain data must be stored eternally and redundantly on as many machines as possible to supp
- 3808867-033 : Code based trust lowers transaction costs and simultaneously raises consumer and market confidence and certainty, which facilitates economies of scale that are rarely possible in centralized structure
- 3808867-039 : Transacting in cash costs United States consumers roughly 200 billion dollars annually, about 637 dollars per person, driven by the costs of production, storage, and transportation.
- 3949098-018 : Meaningful reputation in a business network removes the need for monitoring cost and lowers transaction costs by orders of magnitude.
- 4734750-038 : Because payment runs entirely through crypto transactions and reputation tokens rather than bank transfers, the only thing a micro task worker needs to earn a living on the platform is access to the i
- 4755632-013 : Because unmanaged centralized micro task platforms do not supply the consumer interfaces needed to accomplish specific tasks, requesters must either build their own tools or pay large fees to startups
- 4755632-039 : Operating entirely through crypto transactions removes the transaction costs of micro task work, because centralized mechanical turk platforms require an existing banking relationship to transfer paym
- 4900878-008 : Quantum economics and New Institutional Economics diverge at the level of first principles: NIE treats uncertainty as something institutions exist to reduce, while quantum economics treats uncertainty
- 5254152-006 : Smart contracts, as self executing contracts with terms written directly into code, remove the need for intermediaries, which lowers costs and raises trust among participants.
- 5095633-026 : High transaction costs in centralized payment systems make micro-payments for small tasks uneconomic, whereas blockchain ledgers process tiny transfers efficiently and thereby widen the pool of contri
- 5554218-022 : Automating smart contracts under the code is law paradigm incentivizes unethical behavior by enabling anonymous, opportunistic action, which reduces repeat business and undermines the minimization of
- 5886442-002 : Kaal stipulates two constructs: Agentic Decoupling, the progressive severance of value creation from human labor and consumption, and the Coasean Singularity, the point at which the theoretical justif
- 5886442-026 : Opportunism is engineered away in the AI-to-AI economy because agents have no endogenous psychological motives for guile and operate under mathematically specified, cryptographically verifiable object
- 5886442-027 : When all five drivers of positive transaction costs approach zero at once, transaction costs themselves asymptotically approach zero, a point the author names the Coasean Singularity: the point at whi
- 5886442-036 : When the five drivers of positive transaction costs are simultaneously eliminated, the theoretical justification for firms, contracts and most formal institutions disappears, and the task of governanc
- 6421319-030 : The AI2AI economy eliminates all the drivers of positive transaction costs at the substrate level simultaneously: opportunism is engineered away because agents lack endogenous psychological motives fo