1989
DOI: 10.1007/bf00992790
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Costing a library: A generic approach

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“…It should be noted that transaction costs have the limitation that the cost of transacting are real; they are not always easily separated from other kind of costs (p. 34) [10], but the interest of this paper is not the quantitative measurement of transaction costs for the purpose of comparing costs and benefits. As Montgomery and Snyder [48], who measured library administrative costs, pointed out that the most important factor for minimising costs is not detailed cost measurement, but increasing the number of users using existing resources. A detailed cost-benefit analysis focusing on transaction costs for a university would not only be of little research significance from a practical perspective but also, as Milgrom and Roberts [10] point out, itself be almost impossible to attempt.…”
Section: Transaction Cost Theory As a Constructive 'Stakeholder Theory'mentioning
confidence: 99%
“…It should be noted that transaction costs have the limitation that the cost of transacting are real; they are not always easily separated from other kind of costs (p. 34) [10], but the interest of this paper is not the quantitative measurement of transaction costs for the purpose of comparing costs and benefits. As Montgomery and Snyder [48], who measured library administrative costs, pointed out that the most important factor for minimising costs is not detailed cost measurement, but increasing the number of users using existing resources. A detailed cost-benefit analysis focusing on transaction costs for a university would not only be of little research significance from a practical perspective but also, as Milgrom and Roberts [10] point out, itself be almost impossible to attempt.…”
Section: Transaction Cost Theory As a Constructive 'Stakeholder Theory'mentioning
confidence: 99%