Cryptocurrency Q&A
What causes transaction costs?
What causes transaction costs?
ShintoMystery
Sun Nov 10 2024
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5 answers
913
I'm trying to understand the reasons behind transaction costs. What are the factors that contribute to these costs and why do they occur in the first place?
5 answers
BlockchainVisionary
Tue Nov 12 2024
Williamson believes that several factors contribute to transaction costs.
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Sara
Tue Nov 12 2024
One of these determinants is the frequency of transactions.
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JessicaMiller
Tue Nov 12 2024
Specificity, which refers to the unique characteristics of the assets involved, is another key factor.
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CryptoLord
Tue Nov 12 2024
Uncertainty in the market and economic environment also plays a significant role.
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EchoSoulQuantum
Mon Nov 11 2024
Limited rationality, meaning the bounded cognitive abilities of individuals making decisions, impacts transaction costs.
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