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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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