Институционална среда, дерегулация и естественото равнище на транзакционни разходи

Institutional Environment, Deregulation and the Natural Rate of Transaction Costs

Aleksandar Kosuliev

MPRA Paper from University Library of Munich, Germany

Abstract: Institutional reform during the last three decades has been directed towards deregulation in attempt to reduce transaction costs related to compliance with administrative requirements. This paper tries to find the limits of the effectiveness of such measures by putting them into the framework of a hypothesis about the natural level of transaction costs. The hypothesis is explained by looking for parallels to the natural rate of unemployment.

Keywords: Institutions; Transaction Costs; Regulation; Deregulation; Institutional Reforms; Natural Rate of Transaction Costs; Natural Rate of Unemployment (search for similar items in EconPapers)
JEL-codes: A10 H11 K20 (search for similar items in EconPapers)
Date: 2009
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Published in Научни трудове на Русенския университет 5.1..48(2009): pp. 7-11

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92264

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