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Transaction Cost
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last edited
by BillSeitz
on
Sep 4, 2008 4:34 am |
can be hard cost (Credit Card fees, legal fees for contracts, etc.), also other fixed costs ([Shipping And Handling])
time/Opportunity Cost - specifying project deliverables, thinking
Clay Shirky has argued that Micro Payments will never be widespread, because even if the hard Transaction Cost-s are tiny, the mental cost (thinking "do I want to pay that nickel?") are annoying enough to reduce demand.
Bill Seitz, fluxent at gmail dot com, Weblog