The level of correlation between increase in profit margin or decrease in transactional cost can be used as indicators of economic value of trust.

"It substantially reduced the transactional cost for both us and the customer," Mr. Hastings said.

The study also found that the court system had imposed high transactional costs.

However, Prudential said yesterday that transactional costs as well as working capital that it had lent Diamandis Communications brought the total to about $680 million.

In Jenkin's book one of the examples of is fan films, which are made possible thanks to the low transactional costs associated with making modern films.

The phenomenon has occurred throughout history as certain technologies have become more readily available to the public thanks, in part, to low transactional costs.

Other media industries in general have suffered from the fall of transactional costs and the advent of "communication tools that are flexible enough to match our social capabilities."

These resources are now more readily available today due to low transactional costs and recent technological innovations in media creation.

This change reduces administrative burdens and transactional costs for licensees.

They also argue that the additional transactional costs of accessing games - through server activation, passwords, requirement for internet access - drive people to piracy.