SHS Web Conf.
Volume 35, 20173rd International Conference on Industrial Engineering (ICIE-2017)
|Number of page(s)||5|
|Section||Sustainable Development of Industrial Enterprises|
|Published online||26 June 2017|
Transaction costs of innovative enterprise
South Ural State University, Chelyabinsk, Russia
* Corresponding author: Elizaveta.Antonenko@susu.ru
The article deals with essence and classification of transaction costs, their distinctive features in case of innovative production. Transaction costs classification by necessity criterion is presented, components of information searching costs and negotiation costs as the most relevant groups of innovative production transaction costs are considered. The mathematical model of negotiations is suggested. This model defines the optimal number of negotiation rounds, determines exact total value of the contract with respect to transaction costs, and estimates the amount of transaction costs for each round. This model has practical significance and it can be used by innovative firm at the stage of commercialization. We conduct a computer experiment for finding the optimal number of rounds by minimal contract value criteria. Our results can be directly extended to real-life negotiations.
© Owned by the authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.