THE ECONOMIC THEORY OF TRANSACTION COSTS |
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Author |
 Grytsenko O. A., professor, Kharkiv, Pushinska, 77 |
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In heading |
Economic theory of law; | ||||
Signed print |
20.01.2012 | Issues number |
2012 - № 1 (8) | Page |
109-120 |
Type of articles |
Scientific article | Code UDK |
330.303 | ISSN print |
2218-8010 |
Abstract |
The implementation of any agreement provides for the transition of property rights and the receipt of certain powers. The economic feasibility of each transaction is determined by the size of transaction costs, which are accounted for at the conclusion of a legal agreement. A legislative act can be considered as a transaction between the state and other entities, which implies the existence of transaction costs of a specific type. If the size of these costs will be too high for specific subjects, the latter will evade legal norms. |
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Keywords |
Transaction costs, transaction of bargain, transaction of management, transaction of rationing. | ||||
Reviewer |
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External reviewer |
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Article in PDF |
1 109-120 | ||||
Bibliography |
none | ||||
Code DOI |
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15.12.2011