Montenegrin Journal of Economics

Transactions & Institutions

Evgeny Popov

2012, vol. 8, no. 2, p. 115-124

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. The empirical measured results of academic organizations mobility dependences from transaction costs were shown as the practice illustration for present research.

suggested citation:

Evgeny Popov. "Transactions & Institutions." Montenegrin Journal of Economics. vol. 8, no. 2, 2012, p. 115-124

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