Foundations of the parametric strategic management: An institutional economics perspective

A. Obydenov ()

Voprosy Ekonomiki, 2016, issue 8

Abstract: The article suggests the idea of parametric strategic management based on using institutions, or "rules of the game", as control parameters ensuring targeting of sustainable states, functioning modes and development trajectories (attractors) of the managed economic system, in particular, economic organization. The rules themselves do not contain directions of changes towards target attractors. The Coase theorem appears to be the economic foundation of the proposed approach.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2016:id:224

DOI: 10.32609/0042-8736-2016-8-120-136

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