2011 № 2

Transactional Dimension of Institutions

Abstract:

Theoretical positions which characterized self dependence of elements of system “transactions — costs — institutions” was elaborated. It was shown that the economical transactions may be divided into transactions for information search, market analysis, law defense, defense from opportunism and production promotion. The transactional costs classification is possible by the description as the nonproduction costs and on the base of the enterprise market potential structure. The transactional costs on the creation and development of the stable norm of interaction between economic agents may be determined as the cost estimation of the economic institutions.

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Evgeniy V. Popov  – Dr. Sci. (Econ.), Head of the center, Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russian Federation; e-mail:epopov@mail.ru).

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