Publishing Journal ›› 2023, Vol. 31 ›› Issue (1): 57-.

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Analysis on Transaction Costs of Online Used Book Platform : Take Confucius Old
Book Platform and Duozhuayu as Examples

  

  1. School of Digital Economics, Guangdong University of Finance and Economics,Guangzhou,
    510320
  • Online:2023-01-15 Published:2023-02-01

Abstract:

From the perspective of transaction costs theory, this paper points out that the
evolution of old book trading organization is controlled by the economic law of transaction cost
minimization. There are three main transaction costs involved in the old book transaction : the
information cost of mutual search, the information cost of identifying quality and the transaction
cost of supervising contract performance. The information cost of identifying quality is further
subdivided into the cost of identifying appearance quality, version quality and knowledge content
quality. The pricing cost of Old Books is mainly determined by the cost of identifying knowledge
content quality. This paper compares and analyzes the relative changes of the transaction costs
of the Confucius Old Book platform and Duozhuayu. It is pointed out that through a series of rules
and intermediary protection system, Confucius Old Book platform has reduced the transaction
costs as a whole and laid a good foundation for future development. However, the pricing
cost of Duozhuayu is on the high side. How to reduce the pricing cost is an issue that must be
considered in the future development of Duozhuayu.

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