...Laurens Vandercruysse; Michaël Dooms; Caroline Buts Purpose This paper examines data protection related ex ante transaction costs borne by the private sector in the context of smart city service (SCS) public tendering in the European Union after the introduction of the General Data Protection...

... often has to bribe the police to avoid having his stock confiscated. This can amount to 10 to 15 per cent of his gross income, compared to the 1 per cent on average that official companies in Peru pay for bribes (De Soto, 1989 ; Ghersi, 1989). ICTs Informal economy Transaction costs Mobile...

... transaction cost theory can be used to explain the changing industrial structures in the application areas that the Internet-based platforms are addressing and how other theoretical frameworks can be helpful in understanding these developments. Design/methodology/approach As the sharing economy topic...

... employs transaction cost economics in analyzing the role of government in regulating electronic contracting. Due to the transaction costs arising from e‐commerce, explicit contracts between parties are usually incomplete. The paper argues that these contracts should always be backed by implicit contracts...