Full-Text Search:
Home|About CNKI|User Service|中文
Add to Favorite Get Latest Update

Inquire the Source of Transaction Cost: Based on the Paradigm of Advantageous Behavioral Economics

WANG Shi-jun(School of Finance and Economics,Hangzhou Dianzi University,Hangzhou 310018,China)  
This paper studies the source of transaction cost based on the paradigm of advantageous behavioral economics.Transaction cost results from two basic economic hypotheses: the advantageous differences among economic entities and self-interest behavior of individuals.Transaction costs are universal costs that define the difference in individual advantages,which are positively correlated with advantageous capacity.They are the outcome of pursuing the maximization of one's own interests.This new economic research paradigm of advantageous behavioral economics makes up for a deficiency of transaction cost theory.
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
©CNKI All Rights Reserved