Quantifying Transaction Costs Reduction of Digital Business Ecosystems
Journal: Herald of the Economic Sciences of Ukraine (Vol.47, No. 2)Publication Date: 2024-12-25
Authors : Bryukhovetska N. Yu. Bogutska O. А.;
Page : 76-82
Keywords : digital business ecosystem; transaction costs; institutions; digital platforms; methodology for calculating transaction costs.;
Abstract
The results of the study establish that integration into a digital business ecosystem: simplifies the search for information about a potential partner; reduces the impact of the bounded rationality factor in evaluating a transaction, in the allocation of rights and obligations of counterparties; reduces the risk of shortage of raw materials and supplies; reduces the impact of the uncertainty factor, which contributes to the frequency of transactions; enables the use of smart contracts; reduces the risks of opportunistic behavior of counterparties; eliminates the human factor and reduces the risk of fraud.
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