Data/hora: 17/06/2024 02:34:37

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Measuring the Influence of Information Networks on Transaction Costs Using a Non-parametric Regression Technique
Autores: | Henningsen,   Geraldine; Henningsen,   Arne; Henning,   Christian H.C.A.
Data: | 2011-09-06
Ano: | 2011
Palavras-chave: | Resource /Energy Economics and Policy.
Resumo: | All business transactions as well as achieving innovations take up resources, subsumed under the concept of transaction costs (TAC). One of the major factors in TAC theory is information. Information networks can catalyse the interpersonal information exchange and hence, increase the access to nonpublic information. Our analysis shows that information networks have an impact on the level of TAC. Many resources that are sacrificed for TAC are inputs that also enter the technical production process. As most production data do not separate between these two usages of inputs, high transaction costs are unveiled by reduced productivity. A cross-validated local linear non-parametric regression shows that good information networks increase the productivity of farms. A bootstrapping procedure confirms that this result is statistically significant.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/114547
Relação: | European Association of Agricultural Economists&gt;2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
Formato: | 13