Advances in Economics and Business Vol. 2(1), pp. 58 - 64
DOI: 10.13189/aeb.2014.020108
Reprint (PDF) (231Kb)


Transaction Estimation of Institutions


Evgeny Popov *
Institute of Economics, Ural Branch of the Russian Academy of Sciences

ABSTRACT

The paper represents the fundamental principles and ideas of the transaction theory of economic institutions, which supposes quantification of the quality of institutions through evaluation of economic transactions. The major works of the founders as well as the practical pathways of implementing the theory are discussed. The paper consolidates the author’s main contributions to the study of companies’ transactions based on their market potential, the technique of institutional atlas design, institutional effects of the staff opportunism decrease, assessment of the transaction costs of hybrid organizations, and the formal representation of the company’s external transaction function.

KEYWORDS
Transactions, Transaction Costs, Economic Institutions, Economics

Cite this paper
Evgeny Popov . "Transaction Estimation of Institutions." Advances in Economics and Business 2.1 (2014) 58 - 64. doi: 10.13189/aeb.2014.020108.