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Government intervention and transaction management

In: Managing Transaction Costs in the Era of Globalization

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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.

Suggested Citation

  • ., 2012. "Government intervention and transaction management," Chapters, in: Managing Transaction Costs in the Era of Globalization, chapter 9, pages 196-225, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14748_9
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    Cited by:

    1. Hu, Ruiyang & Zarazaga, Carlos E., 2018. "Fiscal stabilization and the credibility of the U.S. budget sequestration spending austerity," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 54-66.
    2. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Inclusive development in environmental sustainability in sub‐Saharan Africa: Insights from governance mechanisms," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(4), pages 713-724, July.
    3. Asongu, Simplice A & Odhiambo, Nicholas M, 2019. "Governance,CO2 emissions and inclusive human development in Sub-Saharan Africa," Working Papers 25253, University of South Africa, Department of Economics.
    4. Zuzana Kreckova, 2016. "Shared Value Projects Attractiveness for Corporations in Industrial Comparison," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 331-340, September.
    5. Hancic Maja Turnšek, 2013. "No Synonyms: Global Governance and the Transnational Public," Croatian International Relations Review, Sciendo, vol. 19(69), pages 5-31, December.
    6. Donate, Mario J. & Sánchez de Pablo, Jesús D., 2015. "The role of knowledge-oriented leadership in knowledge management practices and innovation," Journal of Business Research, Elsevier, vol. 68(2), pages 360-370.
    7. Niederländer, Charlotte & Wahlster, Philip & Kriza, Christine & Kolominsky-Rabas, Peter, 2013. "Registries of implantable medical devices in Europe," Health Policy, Elsevier, vol. 113(1), pages 20-37.

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    Economics and Finance;

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