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- W1996989623 abstract "Abstract In this analysis, we empirically investigate market‐based transaction costs. We measure market‐based transaction costs indirectly by examining variations in market prices when selling Morgan Silver Dollars on eBay. We find that the reputation of both the seller and the coin‐rating agency employed significantly influences the price premium obtained. Moreover, we find that the use of a coin‐rating agency with a poor reputation proved more damaging than the use of no coin‐rating agency. Thus, we find support for the suggestion that the reputation of sellers and third‐party verification agencies have a significant influence on perceived market‐based transaction costs." @default.
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- W1996989623 date "2007-11-01" @default.
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- W1996989623 title "The Transaction Cost Economics of Market‐based Exchange: The Impact of Reputation and External Verification Agencies" @default.
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- W1996989623 doi "https://doi.org/10.1080/13571510701597510" @default.
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