Tag
Transaction costs
2articles
November 2026
2 articles on this page
Ethics & corporate governance11 min readGig platforms: efficient or unfair? Reading the Uber driver data
For owners and managers who use or plan to build a gig platform. Transaction-cost theory explains why platforms are cheaper to run; US data for 2015 to 2017 show drivers keeping about 47.5 cents of each dollar a rider paid, after fees and vehicle costs. Both can be true at once.
Corporate finance10 min readPortfolio rebalancing: the tolerance band at Norway's pension fund
For an owner or CFO who holds an investment reserve and cannot tell when to bring the mix back to plan. Norway's sovereign fund rebalances when its equity share drifts past a band. The manager's 2018 letter shows that band width is a cost question, not a forecast.