Transaction Cost

In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange (restated: the cost of participating in a market).Transaction costs can be divided into three broad categories: Search and information costs are costs such as those incurred in determining that the required good is available on the market, which has the lowest price, etc.Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction, drawing up an appropriate contract and so on. In game theory this is analyzed for instance in the game of chicken.
Posts about Transaction Cost
  • Google Acquires 55 Yahoo! Patent Filings

    … Microsoft supply search results to them ends. The USPTO assignment database doesn’t disclosed financial details of transactions like this, so we don’t know things like how much the transaction cost or if there were licensing agreements accompanying the transaction. A number of these patents seem to have orginated at Yahoo!, but some were acquired…

    Bill Slawski/ SEO by the Seain Google- 21 readers -
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