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Some experts say that comparing funds to indexes is inherently unfair because of transaction and other costs that funds incur.
Because of transaction taxes and hoped-for sales of government-owned housing, higher property prices will also help close a worrying budget deficit.Alas, movements in the Hong Kong property market have a habit of being even less measured than they are elsewhere.
Coase said the only reason why there is market failure at all is because of transaction costs.
High returns on capital and significant growth prospects both because of inflation and because of transaction and deal volume accelerating.
When property is fully protected, some potential buyers with valuation higher than that of original owners are inefficiently excluded from trade because of transaction costs.
Second, because of transaction costs, the more migrants remit, the more they are ready to concede low wages in the origin country.
Similar(53)
"At the investment banks in the 90's, everybody realized we were making money because of transactions.
From the Mediterranean to the Pacific Coast of the United States, governments, public agencies and nonprofit institutions have lost billions because of transactions officials did not grasp.
In the middle of October, Enron announced that it was taking an aftertax charge of more than $500 million against its earnings because of transactions with one of those partnerships.
A.I.G. disclosed last month that it was under investigation by the Securities and Exchange Commission and the Justice Department because of transactions it arranged that made the financial statements of several companies appear stronger than they actually were.
Over the past two years, the examiner said that Enron was prolific in the use of special purpose entities to raise money, and that around the time Enron filed for bankruptcy it listed about $13 billion as debt on the balance sheet but about $25 billion in off-balance-sheet debt, largely because of transactions like these.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com