Transaction Cost Economics - Publications - Faculty & Research

03 Dec 2020
Research & Ideas

Cut Payroll Costs with Transparency, Fairness, and Compassion

Benioff has long espoused the need for a more equitable economic system and has stated that the current pandemic “is a tremendous opportunity for all CEOs and all businesses to really put their resources right out there and say, 'We're... View Details

Keywords: by Boris Groysberg and Sarah Abbott

20 Feb 2009
Working Paper Summaries

When Does Domestic Saving Matter for Economic Growth?

Keywords: by Philippe Aghion, Diego Comin, Peter Howitt & Isabel Tecu

29 Sep 2008
Research & Ideas

How Economics May Lead to Better Football Games

measurement of the inefficiency due to early transaction times in a naturally occurring market." Lessons about the value of better matching go far beyond the football field, however. As Roth describes in this e-mail Q&A with HBS... View Details

Keywords: by Sarah Jane Gilbert; Sports

06 Jul 2016
What Do You Think?

How Do We Pay for the Costs of Globalization?

Research has shown that the benefits of globalization are substantial. For example, a study of the effects of the pending Trans-Pacific Partnership by the Peterson Institute for International Economics projects benefits in US View Details

Keywords: by James L. Heskett; Manufacturing

09 Oct 2020
Working Paper Summaries

Where the Cloud Rests: The Economic Geography of Data Centers

Keywords: by Shane Greenstein and Tommy Pan Fang

June 1996 (Revised November 1996)
Background Note

Economic Gains from Trade: Comparative Advantage

By: Robert E. Kennedy and Nancy F. Koehn

How nations trade and whether they benefit from it are two of the oldest and most important questions in political economy. In the 170 years since David Ricardo formally developed the theory of comparative advantage, it has become one of the principles most widely... View Details

Keywords: Business Model; Microeconomics; Trade; Cost Management; Business and Government Relations

Citation

Educators

Purchase

16 Sep 2015
Research & Ideas

Can Applied Economics Save Homeless Puppies?

One economic problem is search costs—the time, money, and effort spent on researching which dog to adopt. Another is information asymmetry—in which one person involved in an economic View Details

Keywords: by Carmen Nobel; Retail

Web

Business Economics Online Course | HBS Online

This course is part of the Strategy track. Introduction to Economics for Managers LIMITED TIME ONLY Extra learning at no extra cost. Enroll now and unlock a GenAI Bonus Bundle featuring complimentary lessons on AI fundamentals. Download... View Details

17 Jan 2017
Research & Ideas

Can China Maintain Its Economic Power?

a nation still shadowed by Mao Zedong’s controversial legacy institute market-based reforms that have made the country the world’s second-largest economic power. He has helped document that journey as the author of scores of cases,... View Details

Keywords: by Deborah Blagg

Forthcoming
Article

The Institutional Sources of Economic Transformation: Explaining Variation in Energy Transitions

By: Jared Finnegan, Phillip Lipscy, Jonas Meckling and Florence Metz

Why are some governments more effective in promoting economic change than others? We develop a theory of the institutional sources of economic transformation. Institutions can facilitate transformation through two central mechanisms: insulation and compensation.... View Details

Keywords: Policy; Business and Government Relations; Supply and Industry; Demand and Consumers; Transformation; Economic Systems; Climate Change

Citation

Find at Harvard

Purchase

30 Oct 2020
News

The Pandemic Is Costing Americans More Money Than Official Numbers Suggest

Article

Amazon's $15 Minimum Wage Might Cost Some Workers

By: Scott Duke Kominers

Keywords: Economics; Retail Industry; United States

Citation

Read Now

01 Dec 1997
News

Merton's Economics Research Wins Nobel Prize

trading has been beneficial. Derivatives serve as a form of sophisticated "adapters," he said, linking economic systems together and helping to bring about a unified world economy. They have also brought about vast reductions in View Details

June 2023
Case

Accounting for Loan Losses at JPMorgan Chase: Predicting Credit Costs

By: Jonas Heese, Jung Koo Kang and James Weber

The case examines the accounting for loan losses at a large bank, how a bank sets its Allowance for Loan and Lease Losses (ALLL) on its financial statements. ALLL, and the rules that set them, determine when banks would and would not extend loans, which significantly... View Details

Keywords: Accounting Standards; Accrual Accounting; Financial Statements; Financial Reporting; Banks and Banking; Financing and Loans; Banking Industry; United States

Citation

Educators

Purchase

Article

Beyond the Reach of the Invisible Hand: Impediments to Economic Activity, Market Failures, and Profitability

By: Dennis Yao

In this paper it is argued that failures of the competitive market are necessary conditions for supranormal profitability. Three fundamental causes of these market failures-production economies and sunk costs, transactions costs, and imperfect information-are developed... View Details

Keywords: Economics; Markets; Failure; Profit; Cost; Information; Market Transactions; Competition; Strategy; Production

Citation

Find at Harvard

Read Now

28 Jul 2022
News

How the cost of living crisis killed the convenience economy

Research Summary

Report - Telegraphs, Shrinking Economic Distances? A preliminary enquiry (1870s-1912)

<< forthcoming on Business Archives: Sources & History >>
This is a very preliminary report on sources and data for my research on telegraphs. Telegraphs are usually analysed in the context of railway expansion and the literature... View Details

24 Sep 2024
Blog Post

Climate Finance in Africa: Health, Self-Interest, Avoided Future Cost

and I visited multiple sites and businesses in Dakar, Senegal in West Africa culminating in an alumni event in Dakar entitled, Climate Adaptation and Urban Economic Development. Here is what we learned: Adaptation finance is real. Every... View Details