Comments on: Transaction Costs in the New Economy – WTF? https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/ innovation | digital transformation | value creation | (r)evoloution Wed, 04 Nov 2015 13:43:15 +0000 hourly 1 https://wordpress.org/?v=6.9.1 By: Agile Elephant making sense of digital – Towards Future Organisation Structures https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/#comment-13492 Wed, 04 Nov 2015 13:43:15 +0000 http://www.theagileelephant.com/?p=2405#comment-13492 […] these new models require more energy to maintain than a hierarchy, the transaction costs required in maintaining these informal structures require higher time investment and personal skill […]

]]> By: Are Platforms reinventing Work in the Age of Complexity? | Meedabyte https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/#comment-13325 Mon, 19 Oct 2015 10:11:39 +0000 http://www.theagileelephant.com/?p=2405#comment-13325 […] witnessing rather an evolution of the same? As excellently explained by a very comprehensive post on Agile Elephant blog – transaction costs are falling not only outside of the firms but also […]

]]> By: Agile Elephant making sense of digital – What is Digital Transformation? https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/#comment-12992 Wed, 16 Sep 2015 13:09:24 +0000 http://www.theagileelephant.com/?p=2405#comment-12992 […] Transaction Costs in the New Economy […]

]]> By: Liens de la semaine (weekly) - Bloc-Notes de Bertrand Duperrin https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/#comment-12937 Sun, 13 Sep 2015 10:31:41 +0000 http://www.theagileelephant.com/?p=2405#comment-12937 […] Agile Elephant making sense of digital – Transaction Costs in the New Economy – WTF? […]

]]> By: scorpfromhell https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/#comment-12842 Sun, 06 Sep 2015 08:59:11 +0000 http://www.theagileelephant.com/?p=2405#comment-12842 My POV: “Uber for everything” vs “Blockchain for everything” will reduce transaction costs by leaps and bounds (internal costs by removing middle management vs network costs by leveraging Blockchain, etc. for secure transactions), but the nature of the firm will still obey Coase.

The fixed cost of internal transactions might come down, thanks to digital transformation inside organizations, middle management may slowly go away thanks to automation, AI and workflow robotics.

Where Uber model disrupts existing firms, but remains a firm nevertheless, new distributive technological developments like Blockchain will reduce the cost of transactions in the networks, like how Etherium aims to, and this reduce the cost of external transactions too.

But the world still has a long way to go to equip everybody with these distributive technologies. Access & costs of electricity & mobile data still remain a challenge for the majority of the world’s population.

Napster of Taxis is still a long way away. Uber is merely the Walkman of Taxis I guess.

]]> By: broadstuff https://www.theagileelephant.com/transaction-costs-lead-to-network-economies-wtf/#comment-12818 Fri, 04 Sep 2015 17:03:21 +0000 http://www.theagileelephant.com/?p=2405#comment-12818 Transaction Costs, New Ways of Working, and good old Wishful Thinking

I have written a fairly detailed analysis of the impact of Transaction Costs on New Ways of Working on the Agile Elaphant blog, its a response to Esko KIlpi’s essay that is part of the O’Reilly WTF project. I never know whether to reproduce the full…

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