Talk:Transaction cost

message: No one likes FLOSS more than I do (well, maybe Richard Stallmann) but I don't think the section on information technology and transaction costs is appropriate here. FLOSS is one method by which an IT department could reduce its transaction costs, but there are many ways of doing that and singling one of these many ways out for special attention feels like advocacy to me. For instance, American IT work is often outsourced to India and other nations in order to reduce their costs, but that doesn't mean that we have to talk about outsourcing on this page. 
The information about FLOSS would be much more appropriate on a page specifically discussing FLOSS, where anything that pertains to FLOSS is appropriate. Then we can put a link on this page to the FLOSS page, if desired.
Does that sound right? —The preceding unsigned comment was added by Johnrobertfay (talk • contribs) 21:05, 17 December 2006 (UTC)
replies: text:  There are two sections regarding the relation of IT and Transaction cost. One is general, one is about FLOSS. Is your remark referring to both of them, or only the FLOSS part? --Kai a simon 10:16, 19 December 2006 (UTC)
thread_title:  FLOSS information seems inappropriate 

message: I'm not an expert, but it seems to me that Steven N. S. Cheung's view that transaction costs are "any costs that arise due to the existence of institutions" is exactly opposite to Douglas North opinion, for the latter states that "when it is costly to transact, institutions matter". I understand from this last statement that North believes that transaction costs lead to the creation of institutions, while Cheung asserts that institutions create transaction costs. If I'm not mistaken and they do disagree so deeply, I think it would be interesting to note this in the article.189.10.1.165 14:14, 5 September 2007 (UTC)
replies: text: I'm not an expert either, but my view is that it is not institutions that create transaction costs. Transaction costs are everywhere just because communicating with everyone on earth at zero cost is simply not possible. The only reason eBay exists and makes money is that they reduce transaction costs; Occam's razor strips the institutions instantly. Joepnl (talk) 01:53, 30 January 2010 (UTC)

text: No expertise with me either, but would love some expert to additionally put this article in the context of cryptocurrency.   Cryptocurrency has been touted as an efficient means of currency exchange, but clearly no transaction is "free" or nobody would be a broker.    I struggle to understand how cryptocurrency has value beyond (possibly) its means for performing transactions.    2600:6C48:7006:200:D84D:5A80:173:901D (talk) 02:43, 7 February 2018 (UTC)
thread_title:  transaction costs = institutional costs 

message: The example is about complicated situations with monopolies etc. IMHO, examples are nice but they should not go into more or less unrelated details. I would suggest 2 examples, a very easy one and one bigger summarizing The Nature of the Firm. The first would be: why would anyone buy a ring tone at X cost when they can get it for free on Internet? Answer: just paying a few bucks for the ring tone is way easier than finding out who will offer exactly the same ring tone for free. The second would be: Why does Microsoft make money? It should be cheaper for all users to come together, decide on which programmers to hire and what features a word processor like Microsoft Word needs, decide how much everyone should pay depending of the number of features they really intend to use and just split the costs. The transaction costs implied by organizing this huge meeting, or even deciding who's lying about which features they would need are simply to huge. Companies exist because they decrease transaction costs. Joepnl (talk) 02:15, 30 January 2010 (UTC)
thread_title: Better example needed

message: Someone willing to link this concept with Marx's concept of 'faux frais' ('incidental' or 'false' costs)?  — Preceding unsigned comment added by Torotazo (talk • contribs) 10:06, 15 April 2011 (UTC)
thread_title: "[[Faux frais of production|Faux Frais]]"

message: Limited info on search cost, may benefit adding this to Transaction cost since it appears to be a subcategory. Shaded0 (talk) 01:19, 19 December 2016 (UTC)
replies: text: Oppose: summary/main format seems to work here, there being a brief summary on this page for the subcategory Search cost which is distinctly notable and also relevant to Search theory. Klbrain (talk) 17:11, 19 July 2018 (UTC)
thread_title:  Proposed merge with [[Search cost]] 

message: Do inheritance and gifts have transaction costs? Since they aren't taking place in a market setting, they seem to disqualify from out the gate. But they do have costs of measurement of value, enforcement of property, and search for recipients, much of the same costs, really. 
Is there a name for these costs? Should these costs be here, or on a separate page?Masebrock (talk) 17:26, 11 May 2019 (UTC)
thread_title:  Inheritance and gifts- do they have transactions costs?