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Property, integration of the property in the form of uniform for all Members of "command" of a bunch of competences (8, with. 70).)Preliminary also concern by the time of before transaction fulfilment (Information gathering), some have at the moment of it Realisation (negotiations and contract registration), some Have post-contract character (security measures against Opportunistic behaviour, measure on restoration The broken property rights).
That they suppose considerable economy on scales: "Transaktsionnyj sector, unlike manufacture The industrial or agricultural goods, it is subject Economy on scales, i.e. As release volume In sector increases, specific costs on one transaction Fall "(52, with. 93). Constant components are in all
Any quantity of potential sellers can use And buyers; contracts are standardised; cost Workings out of the legislation or administrative procedures not Depends on what number of persons falls under action: "Once established, the property rights can it Infinitely to extend on other areas with the small Additional costs "(52, with. 94). Therefore the growing "it" the per capita income can increase economy The population even in the absence of technical progress for the bill
The central explaining category of the theory of the property rights And related to it of concepts. Their supporters consider Any social institutes as means on economy
Relative distinctions in levels and structure Transaction costs theorists of the property rights explain All variety of forms of an economic and social life. Alternative economic institutes, allegedly, Possess comparative advantages in economy on the different
It is connected just with it. So, the mechanism of market coordination Rather more effectively in economy of information costs; Such organisations as firm, give the big prize in that, As to it on negotiating; at the same time Hierarchical structures - a fertile field for Opportunistic behaviour: "in general, market institutes Tend to economy on opportunism costs, then As administrative institutes tend to economy on Negotiating costs. Their influences on costs on
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