Posts Tagged ‘transaction costs’

  • Ebola's impact on GDP is mostly from our behavior.

    The Ebola Impact on Economic Health

    Oct 20, 14 • 311 Views • No Comments

    More than the disease itself, ebola's GDP impact from aversion behavior is rippling through West Africa domestically and in international trade. ...  [read more]

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    A Command Economy: Playing the Game

    May 9, 13 • 1264 Views • No Comments

    Queue is now a game. But not always. In Poland, during the 1970s, you might have taken an hour or two off from work, rotating with a brother or sister, to stand in line. Everyone could have been waiting for a pair of shoes but if a shampoo were available, you...  [read more]

  • red tape...bureaucracy..16181_12.29_000011761845XSmall-3

    Greek Red Tape

    Mar 23, 12 • 261 Views • No Comments

    Our story begins with 3 Greek entrepreneurs who want to create an e-commerce business selling olive products. It ends as Oliveshop.com begins to flourish with orders from the U.S., Australia, Japan, Mongolia and beyond. The middle of the story, though, is...  [read more]

  • Friction Free Clicks

    Feb 26, 12 • 282 Views • No Comments

    Which friction minimizing invention received a patent in 1999? Amazon 1-Click. Described by Amazon in their application for patent 5,960,411, the purchaser just hits a button that activates the movement of payment information from “the client...  [read more]

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    A Line Primer

    Dec 10, 11 • 261 Views • No Comments

    Done with grocery shopping, you scan the registers and select the shortest line. Standing there for 2 minutes, your time flies. Another minute? Okay. But then, according to research, when the time hits 4 minutes, you believe you have been there for 6 and 5...  [read more]