Popov
E.V., Mingaleeva Ye.K. Transaction Function as an Element of
Economic
Forecasting. // Economics of
contemporary Russia 2010.
¹1
(48) Ñ.22-40.
The
article presents a review of contemporary investigations of foreign and
national economists in modeling the transaction costs. Analysis of the
economic
theory articles shows that the basic principles of the transaction
costs theory
are widely recognized. An attempt to theoretically rationalize
transaction
function was made by researchers in such fields as strategic
management,
financial and labor market, information technologies, ecology and
international
business management. Still there are some difficulties in empiric
research and
formalization process. Though the development of the analytical
representation
of transaction function would allow making forecasts in changes of the
institutional environment of economic agents.
Key
words: institutional theory, transaction costs theory,
transaction function.
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