Research on the Third-Party Online Payment Based on Improvement of Coase's Transaction Cost Theory

Cease's transaction cost theory holds that enterprise and market are two organizational forms of transaction which can be mutually substituted.This paper, through the analysis on the role of enterprise and market in resource allocation, reachs that these two organizational forms of transaction...

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Bibliographic Details
Published in2009 International Conference on Management and Service Science pp. 1 - 5
Main Authors Ping Song, Zhiyun Liu, Qifeng Yang
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.09.2009
Subjects
Companies
Constitution
Cost benefit analysis
Cost function
Forward contracts
Information technology
Paper technology
Resource management
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ISBN1424446384
9781424446384
DOI10.1109/ICMSS.2009.5304751

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Summary:Cease's transaction cost theory holds that enterprise and market are two organizational forms of transaction which can be mutually substituted.This paper, through the analysis on the role of enterprise and market in resource allocation, reachs that these two organizational forms of transaction do not only substitute, but also complement each other; and then introduce intermediary organization, expand the "enterprise-market" framework of Coase's transaction cost theory to the "enterprise-intermediary organization-market" framework. Using the improved Coase theory, this paper analyses the third-party online payment and its effect on transaction cost and transaction benefit of e-business.
ISBN:1424446384
9781424446384
DOI:10.1109/ICMSS.2009.5304751