By a quasi-pension the difference of the yield of an investment in their best use is understood to the yield in its next-best use. Thus the loss, which develops, if the investment cannot be used in the intended sense.

In the sense of the transaction cost theory that means (partial) the loss of transaction costs, if transaction relations is terminated, without the intended purpose is reached.

The higher with it the quasi-pension is, is the more specifically an investment and/or the more highly is the specificity degree of a transaction.

An example of transaction costs with relations between market participants.

For the preparation of a contract over a certain achievement various costs result:

• Information about potential suppliers must be procured at the procurement market for the achievement (preparation costs).
• Treaty negotiations take time up, contracts must be formulated and an agreement are necessary (agreement costs).
• The agreed upon achievement is to steer (completion costs)
• and to supervise (control costs).
• Possibly later changes are necessary (adjustment costs).

(For a here indefinite reason) if the relationship between the contracting parties is terminated, although further need at the achievement exists, then again transaction costs result, if the achievement is to be referred by another offerer.

The investment into the source of supply was thus specific, it can not (completely) for the structure of a new source of supply be used.

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