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 People Icons for Vista

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Interaction between the parties still continues To be mediated by the prices. But their role decreases. Adaptation to To new conditions it is reached not so much at the expense of revision

The prices, how much at the expense of change of physical volumes of the goods,

Being a transaction subject. This results from the fact that at The price adaptation risk of opportunistic behaviour Considerably above. Sphere of application of this mechanism Managements - regular transactions concerning the goods of average Specificity degrees. The fourth - unitary management, i.e. Hierarchy. Such The system develops for continuously proceeding exchanges

The contract means that adaptation to new conditions can To be carried out unilaterally, without the preliminary Coordination with an opposite side. Relations between Participants of the contract are regulated by direct commands and

Orders, instead of market signals. One of the parties thus not completely passes all rights Usings on a resource available for it, and delegates them To other party under certain conditions. When the final The rights remain for the initial owner, the contract Turns to difficult structured document: in exchange for The income one of the parties concedes the limited set of the rights with The obligation to submit to instructions of other party and Refuses thus that it is independent To build the behaviour, being guided constantly by the market The prices for services which it can give (20, with. 5). Such broad interpretation of concept "the bilateral The voluntary contract "allows theorists of the rights Properties to define the form as a network of contracts. The first Such definition of firm of a distance of A.Alchjan and G.Demsets (6). Firm It is understood as the spontaneous institute solving a problem

Which the organisation solves this problem more successfully, than The decentralised market mechanism, it supersedes it. At the same time, in the full consent with principles Methodological individualism, if the economic The organisations also matter, the behavioural They possess independence, for operate not The organisations, and individuals in the organisations. In this sense The firm - legal fiction, and in a reality is combinations The various difficult structured contracts. Therefore With. - in general the firm, for example, urges to refuse the term As misleading (20). As it is easy to understand from resulted above statement it it

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