For the period June-December 2007, Isla incurred the following costs, divided into explicit and implicit costs
(see Table 3):
Equation 2 tests the hypothesis that the WTP for a new stadium depends on the following variables: the dollar value of the bid amount (AMOUNT), the respondent's income (INCOME), the extent to which the Vikings are a public good (PUBGOOD), the prestige associated with having a new stadium (PRESTGE), the explicit and implicit costs
incurred in the previous seasons by respondents who watch games either at the stadium or on television (SPEND), the belief that a new stadium will help the team win a Super Bowl (WINSUPER), the belief that the team will relocate if not given a new stadium (LEA VE), the Minnesota Twins baseball stadium drive (TWINS), a joint stadium with the University of Minnesota (UOFM), and a vector of demographic variables (Z).
But in TQM, enterprises have to take in to consideration to implicit costs
Perceived utility and importance, that is the intrinsic value given to those same tasks by students, as well as perceived implicit costs
, that is, the necessary efforts to complete the assignments are some relevant factors when looking at homework through a motivational lens (Warton, 2001).
There are explicit costs of having to produce more reports and implicit costs
of compelling management to focus far more attention on regulatory compliance.
Partial and incomplete data on direct measures of costs go together with inference on implicit costs
from the pattern of trade across countries.
They have significant organizational, economic, and political components; the economics are particularly treacherous because the environment mixes explicit costs (for example, the costs of searching an international union catalog like OCLC or RLG, or of actually creating and hosting a centralized union catalog somewhere for a group of cooperating institutions) with implicit costs
(such as provisioning a set of local systems to participate effectively in a distributed search constellation).
Section 482 cases also consume huge amounts of taxpayer resources both in terms of the explicit costs of litigation and the implicit costs
of management time, effort, and distraction.
98 million, the maximum level available to an institution of its asset size, and was evaluating the explicit and implicit costs
associated with such a program as well as the benefits for the company, its wholly owned subsidiary, Howard Bank, its shareholders, depositors and the communities which it serves.
The two components of full economic cost alluded to in most opportunity cost discussions-direct cost, and indirect cost of a forgone opportunity-happen to already be well represented by other existing textbook terms, explicit and implicit costs
1] ITG TCA assesses trading performance and implicit costs
under a variety of market conditions, enabling traders and portfolio managers to adjust strategies, reduce costs, boost performance and potentially improve fund rankings.
These implicit costs
, also called opportunity costs, include the cost of business owner's savings used in the business instead of being available to earn interest income in an alternative use (for example, if saved as a Certificate of Deposit at a bank); the cost of the business owner's time used to run the business instead of an alternative use (for example, being employed elsewhere); and the cost of using any other resources (for example, land and buildings) supplied by the business owners for use in the business instead of alternative uses (for example, renting them out).