Results
Found 9 search results for: transaction costs
Katarzyna Owsiak (2021/2, Articles,
Relations Between Central And Local Authorities In The Light Of New Institutional Economy
The author tries to answer the question whether the new institutional economy may be more useful than the neoclassical economy in explaining economic and social relations existing within the institution of the state. The observed disturbances between central and local authorities, notably the attempts to diminish the role of self-government, can negatively affect the provision of public and (...)
Jarosław Plichta (2019/3, Articles,
Measurement of transaction costs: Different Approaches and Research Perspective
The aim of the article is to present various approaches to measuring transaction costs at both micro- and macroeconomic levels, and a proposal for the direction of integrating research in this field. The study of transaction costs conducted since the 1970s brought a number of inspiring conclusions regarding the role of such costs in the economy, indicating their key importance in the (...)
Sylwia Morawska, Przemysław Banasik, Beata Woźniak-Jęchorek (2019/3, Articles,
The Handling of Business Lawsuits by Common Courts in Poland: Identification of transaction costs
The aim of the article is to identify factors influencing the transaction costs of the enforcement of contracts concluded between entrepreneurs in business matters. For the purpose of the article, a pilot study was conducted involving 210 court cases pending before the District Court in Gdańsk in the first instance after 2009, in which the judgment was issued in 2012 (the last 210 cases (...)
Marcin Garbat (2019/1, Miscellanea,
System of Employment of People with Disabilities in Poland: Pigou contra Coase
According to Ronald Coase, the problem of external costs is twofold: negative external effects generated by one entity cause loss for another, but the suppression of injustice is automatically a loss for the first one; he argued that in the case of well-defined property rights and low transaction costs, the problem of external effects can be solved through transactions between parties (...)
Adam P. Balcerzak, Michał Bernard Pietrzak (2016/3, Articles,
Institutional effectiveness of European Union countries
The article is devoted to measuring the effectiveness of institutional systems of European Union countries in terms of their relevance to the requirements of the global knowledgebased economy. The theoretical analysis is based on the framework of new institutional economics with special consideration to economics of transaction costs. There are two main aims of the article. The main aim of (...)
Marian Gorynia, Katarzyna Mroczek (2013/2, Articles,
transaction costs as Determinant of the Foreign Expansion of the Enterprise
The authors discuss the possibilities of applying the theory of transaction costs (a part of institutional economics) to the choice of the form of foreign expansion of the enterprise. The main aim of the article is to present the concepts describing the relationship between the transaction costs and the forms of foreign expansion of the enterprise, including their critical assessment. The (...)
Łukasz Hardt (2010/1, Articles,
The Role of Transaction Cost Economics in the Growing Plurality of Modern Economics
The article describes the process of the growing plurality of modern economics. It is argued that one of the main stimuli of that change was the growing popularity of transaction cost economics which eased the entry into mainstream economics of what previously had been present only in heterodox economics. After providing a definition of theoretical plurality it is shown that the number of (...)
Elżbieta Rychłowska-Musiał (2010/1, Articles,
Overinvestment and the Agency Costs of Debt Financing
The article describes the process of the growing plurality of modern economics. It is argued that one of the main stimuli of that change was the growing popularity of transaction cost economics which eased the entry into mainstream economics of what previously had been present only in heterodox economics. After providing a definition of theoretical plurality it is shown that the number of (...)
Maciej K. Dudek (2009/6, Articles,
Euro from the viewpoint of selected economic theories
The objective of the paper is to present some arguments stemming from economic theories which tend to be overlooked in the debate on adoption of the common currency. The paper focuses on the issues of welfare and efficiency. In particular, the article is devoted to an analysis of the origins of transaction costs, the role of stabilization policies, market completeness and informational (...)
....