Summary of JOIE article (24 April 2025) by Geoffrey M. Hodgson International Management, Loughborough University London, London, UK. The full article is available on the JOIE website. Contracts, money, and applications Part I of this article reviews major differences in definitions by six leading authors of the transaction concept (Hodgson, 2025). Part II develops toward a…
Tag: transaction costs
Blockchain and institutional complexity: an extended institutional approach
Summary of JOIE article (First View, 16 June 2020) by Danil Frolov, Faculty of Economics and Management, Volgograd State Technical University. The complete article is available on the JOIE website. Blockchain is a digital technology for maintaining a replicated distributed ledger. It ensures the implementation of transactions in a digital format without the involvement of…