BUSINESS LAST CLASS
TRANSACTION COST WOULD BE ELIMINETED IF , IF EVERYONE HAVE THE SAME INCENITVES
WE CAN ELIMINATE MOTIVATION COST, WE FIX MOTIVATIN BUT WE HAVE NO SAY NOTING
ABOUT COORDINATION COST
MARKET DON’T DELIVER ALL THE INFORMATION IN RESOURCE ALLOCATIONZ TO THE SELLERS
AND BUYERS
RESIDULA CLAIMENT, EL QUE REP TOTS ELS BEEFISIS E TOTS ELS BUSINES
HOLD UP PROBLEM, BURGANING FAILURE ITS WEN SREENING AND SIGNALIG DON’T WORK
VERTICAL INTEGRATIO NIS A SOLUTION TO A HOLD UP PROBLEM
OUTSORCING IS NOT A SOTLUTION TO IT
LONG TERM CONTRACTS IZS A SOLUITN TO A HOLD UP PROBLEM
COST DEFINITION
BOUNDIG COST AND SUPERVISION COST
BOUNDING OST IS LIKE SCREENING COST, SUPERVISION COOST , YOU HAVE TO SUPERVISE
EVAERY WEE
THE SUM OF BONIDNG COST AND RES SUPERVISION COST IS A COST
I
I D
TO BE RAIONAL IS T O DO A COST BENEFIT ANALISIS
ITS RELATION TO TIME INCONSITANCCE
TRANSACTION COST MOTIVATION COST
HARDETR THE FIRM BIGGER , MORE CORDINATION COST, ,
THEY RPEFERENCES THEY WOULD BE DIFERENT
