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Is imposing transaction taxes on high-frequency traders and other short-term speculators a good idea?
Meanwhile, China's benchmark Shanghai Composite index continued to reach record highs throughout 2007, having surged more than 400 percent in the past two years despite government attempts to cool the market by imposing transaction taxes and higher interest rates.
Alex Salmond, the SNP first minister, dismissed the joint warning by the Lib Dems, Conservatives and Labour as a "bluff" on the grounds that the rest of the UK would inevitably agree to a currency union to avoid imposing transaction costs on English, Welsh and Northern Ireland businesses trading with an independent Scotland.
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Mr Coase also pointed out that these little planned societies impose transaction costs of their own, which tend to rise as they grow bigger.
But it hurts long-term mutual-fund investors, because the market timer's quick sale reduces the fund's asset value and imposes transaction costs on the fund.
Unlike conventional fiat money, bitcoin can be used to make secure, verifiable payments for goods and services, without the need for intermediaries, such as Visa or Mastercard, which impose transaction fees that, over time, can add up.
In theory, there's no difference between given a default of A with an option to switch to B vs. being given a default of B with the option to switch to A. * Both "opt out" and "opt in" systems impose transaction costs for those whose preferences don't match the default option.
Van Hollen, in turn, would raise revenues by imposing a transaction tax on stock trades.
The chief alternative is substantial government subsidies to the various alternative fuels, together with government intervention (especially by imposing steep "transaction" fees) against speculative pricing that is just pure profiteering.
On the one hand, strong competition leads to diverse quality of forest carbon credits that results in a non-standardised product imposing high transaction costs on market actors to evaluate the quality and navigate among the standards.
But this would have introduced an additional step and so imposed additional transaction costs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com