论文标题

交易成本:规模,最佳,平衡和效率的经济

Transaction Costs: Economies of Scale, Optimum, Equilibrium and Efficiency

论文作者

Kállay, László, Takács, Tibor, Trautmann, László

论文摘要

本文的目的是提出一个核心游戏理论交易成本模型,其中指示直接成本如何确定损失的可能性和随后的交易成本。证明了最佳的存在,并且展示了暴露影响最佳位置的方式。这些决策被描述为两人游戏,讨论了交易成本分享规则如何确定交易最佳成本是否与游戏的均衡相同。还提出了参与者之间有关改变各方支付交易成本份额的游戏建模争议。定义了有效的交易成本共享规则的要求,并认为存在并非唯一的解决方案。政策结论还基于影响交易成本的性质的制度设计原则制定。

The aim of this article is to propose a core game theory model of transaction costs wherein it is indicated how direct costs determine the probability of loss and subsequent transaction costs. The existence of optimum is proven, and the way in which exposure influences the location of the optimum is demonstrated. The decisions are described as a two-player game and it is discussed how the transaction cost sharing rule determines whether the optimum point of transaction costs is the same as the equilibrium of the game. A game modelling dispute between actors regarding changing the share of transaction costs to be paid by each party is also presented. Requirements of efficient transaction cost sharing rules are defined, and it is posited that a solution exists which is not unique. Policy conclusions are also devised based on principles of design of institutions to influence the nature of transaction costs.

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