Nova Publishers
My Account Nova Publishers Shopping Cart
HomeBooksSeriesJournalsReference CollectionseBooksInformationSalesImprintsFor Authors
  Top » Catalog » Books » Business and Finance » Advances in Business and Management. Volume 2 Chapters » My Account  |  Cart Contents  |  Checkout   
Quick Find
Use keywords to find the product you are looking for.
Advanced Search
What's New? more
Theory of Literature
Shopping Cart more
0 items
Shipping & Returns
Privacy Notice
Conditions of Use
Contact Us
Notifications more
NotificationsNotify me of updates to Transaction Management: Value Creation by Reducing Transaction Costs pp. 1-34
Tell A Friend
Tell someone you know about this product.
Transaction Management: Value Creation by Reducing Transaction Costs pp. 1-34 $0.00
Authors:  (Frank A.G. den Butter, VU University Amsterdam, the Netherlands)
In this era of globalization we see an increase in specialization: the production chain is split up in more and more parts and the production of these parts is outsourced to those places in the world where production is relatively the cheapest and most efficient. This implies that transaction costs, associated with the coordination of production and trade in parts and components, become increasingly important. In small open service oriented economies like the Netherlands, transaction costs may amount to up to 50% of total value added. Therefore, the ability and skill of keeping transaction costs low is vital for the competitive position of a firm or country. This is what transaction management is about: create value from these transactions by keeping transaction costs as low as possible. Transaction management is based on modern theories of transaction costs economics, institutional economics, industrial organization and international trade and making these theories operational for strategic decision making in industry and government. This chapter surveys how transaction management as a practical tool for the organization of production which has been inspired by these modern economic theories 

Available Options:

  Open Access item.
  Click below PDF icon for free download.


This is an Open Access item. Click above PDF icon for free download.
Special Focus Titles
01.Violent Communication and Bullying in Early Childhood Education
02.Cultural Considerations in Intervention with Women and Children Exposed to Intimate Partner Violence
03.Chronic Disease and Disability: The Pediatric Lung
04.Fruit and Vegetable Consumption and Health: New Research
05.Fire and the Sword: Understanding the Impact and Challenge of Organized Islamism. Volume 2

Nova Science Publishers
© Copyright 2004 - 2020

Transaction Management: Value Creation by Reducing Transaction Costs pp. 1-34