Kontraktowanie i koszty transakcyjne w nowej ekonomii instytucjonalnej

• Authors: Katarzyna Kowalska

Title variants

EN

Contracts and Transaction Costs in New Institutional Economics

• Languages of publication: PL

Abstracts

EN

The aim of the article is to review and systematize concepts used in an approach known as new institutional economics (NIE). The considerable development of NIE reflects the growing interest in the functioning of markets and enterprises under information asymmetry and non-cooperative market player behaviors. The negative effects of information asymmetry can be reduced or completely eliminated with the help of institutional solutions. The article focuses on contracts and transaction costs. The author argues that the key role of contracts is to enable maximum savings of resources and their allocation to areas with the highest rates of growth. This approach leads to reduced transaction costs and is a viable measure of the effectiveness of business contracts.

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
• Journal: Gospodarka Narodowa. The Polish Journal of Economics
• Year: 2005
• Volume: 201
• Issue: 7-8
• Pages: 45-64

Dates

published

2005-08-31

Contributors

author

Katarzyna Kowalska

Identifiers

DOI

10.33119/GN/101521