Understanding the Unpredictability of a Zero Transaction Costs World

This 2 pages paper shows that, if we properly understand the working of markets without transaction costs, the social utility function associated with them, assumes the form of a mathematical singularity and then that there will be no predictable behavior of this function

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Year of publication:	2015
Authors:	Monateri, P. G.
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Transaktionskosten \| Transaction costs \| Theorie \| Theory

Extent:	1 Online-Ressource (3 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 8, 2015 erstellt
Other identifiers:	10.2139/ssrn.2615733 [DOI]
Classification:	A10 - General Economics. General ; K00 - Law and Economics. General ; K10 - Basic Areas of Law. General ; K40 - Legal Procedure, the Legal System, and Illegal Behavior. General ; L10 - Market Structure, Firm Strategy, and Market Performance. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013021418