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Friction costs |
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Friction costs Costs, both implied and direct, associated with a transaction. Such costs include time, effort, money, and associated tax effects of gathering information and making a transaction. |
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Markets will evolve toward a multi-asset class, order-driven model, making it much cheaper to trade and allowing for less friction costs during the execution of trading decisions. The analysis also noted that public policies and the business practices of payors that help speed eligibility information to the pharmacies - with electronic point-of-service access - will reduce these friction costs, allow public officials to lower fee schedules, and enable payors to negotiate larger discounts. The current DRP environment creates significant redundant and unnecessary administrative expenses and friction costs for both insurers and repairers," he said. |
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Friction costs
