Rule Design and Efficiency Analysis in Digital Transaction Order: A Law and Economics Perspective
Abstract
choices concerning access, information disclosure, ranking, reputation, and dispute handling. These choices determine the level of search
costs, verification costs, opportunism risks, and enforcement frictions faced by transacting parties. Building on Coasean and transaction-cost
approaches, the paper explains why digital environments do not eliminate frictions but instead transform them into new forms that require
carefully calibrated rule arrangements.
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DOI: http://dx.doi.org/10.70711/memf.v3i7.9490
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