http://www.johndcook.com/blog/2009/11/15/transaction-costs/ The blog of John D. Cook Sat, 11 Feb 2012 01:10:06 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.johndcook.com/blog/2009/11/15/transaction-costs/comment-page-1/#comment-31532 Gene Harris Tue, 26 Jan 2010 00:18:11 +0000 http://www.johndcook.com/blog/?p=3715#comment-31532 Mostly, I'd rather do my own yard work. I need the exercise and my wife likes to get me out of the house. About the only thing I will pay good money for is a painter. Mostly, I’d rather do my own yard work. I need the exercise and my wife likes to get me out of the house. About the only thing I will pay good money for is a painter.

]]> http://www.johndcook.com/blog/2009/11/15/transaction-costs/comment-page-1/#comment-27418 doug rivers Tue, 17 Nov 2009 01:09:05 +0000 http://www.johndcook.com/blog/?p=3715#comment-27418 plus there's the small matter of taxes. If you're in a marginal 40% tax bracket, you will receive only $18 for the extra hour of work. plus there’s the small matter of taxes. If you’re in a marginal 40% tax bracket, you will receive only $18 for the extra hour of work.

]]> http://www.johndcook.com/blog/2009/11/15/transaction-costs/comment-page-1/#comment-27384 Ken Mon, 16 Nov 2009 07:27:34 +0000 http://www.johndcook.com/blog/?p=3715#comment-27384 A major part of transaction costs is making sure that the work is done correctly, which is a problem with computer programming. Outsourcing to India may work, but not if it doubles or triples the amount of time spent writing specifications and checking that they are met. A major part of transaction costs is making sure that the work is done correctly, which is a problem with computer programming. Outsourcing to India may work, but not if it doubles or triples the amount of time spent writing specifications and checking that they are met.

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