When buyers transact with sellers, they select not only whom to transact with but also for how long. Alexander MacKay develops a model of optimal contract duration arising from underlying supply costs and transaction costs.

Description — When buyers transact with sellers, they select not only whom to transact with but also for how long. Alexander MacKay develops a model of optimal contract duration arising from underlying supply costs and transaction costs.

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Title — Transaction Costs and the Duration of Contracts

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Date — January 23, 2018 5:00 am

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Source — http://hbswk.hbs.edu/stories-rss.aspx

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