LIRNEasia is a regional ICT policy and regulation think tank active across the Asia Pacific

Tag Archives: transaction costs

SARH Systematic Review Programme for South Asia : Call for competitive systematic reviews and evidence summaries. For more details see announcement.

Economics of platform markets

gettaxi1

Senior Research Fellow Payal Malik has co-authored an op-ed on surge pricing in the taxi market that addresses some key issues of platform markets. The distinguishing feature of platform markets is the lowering of transaction costs through the use of ICTs. State action to prohibit such applications is retrograde. Instead, what should be done is […]

When transaction costs approach zero

pennies_0

We at LIRNEasia have always seen transaction costs at the heart of much of what we do. Our interest in ICTs in value chains, for example, has been focused on changes to transaction costs made possible by ICTs. This fascinating article on the business models underlying cloud computing foregrounds the scale economies perfected by the […]

Some people don’t like “markets” to work better

I was going to respond to an anti Airbnb/Uber/Lyft rant by Morazov, but other things got in the way. Apparently, some guy has done the same thing against Tinder on Vanity Fair. Farhad: I’ve got to say, though: Tinder had a point about the Vanity Fair story. Not only did it adopt a tone of […]

Who will benefit the most from the sharing economy?

It’s good that work has started on mapping out who will benefit by renting out excess capacity on assets controlled by consumers and small businesses. We have been kicking around these ideas within LIRNEasia for a while. Hopefully will get started on a project to understand how these things play out in the “real world,” […]

Ronald Coase, 1910-2013

The man who introduced the concept of transaction costs, proposed a solution on dealing with problems of externalities and was one of the first to propose applying market solutions to spectrum allocation is no more. I first read his work on spectrum, since one of my teachers, Dallas Smythe, was a vociferous opponent. Then I […]

Pakistan government thinking of phasing out prepaid mobile?

I have heard many absurd proposals related to the mobile industry, but this about takes the cake. Pakistan’s government is considering a radical plan which could dramatically alter the mobile phone industry in the country – as it mulls proposals to ban Prepaid SIM cards from sale. The Interior Minister Rehman Malik said that the […]

Cloning Padeniya: Value-chain research in Sunday Times

LIRNEasia’s research on agricultural value chains is in the press. Nilusha Kapugama’s response to a feature on one of the most successful rubber smallholder cooperatives has been carried in the Sunday Times. It covers the topics of start-up costs, law and order issues and the high transaction costs that prevent more auctions being conducted (and […]

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