0.0/5 rating (0 votes)

Classification of Transaction Costs under Modern Conditions

Author (s)

Mirboboev R.M., Kholmatova S.A.

Abstract

The article dwells on the concepts of “transaction” and “transaction costs”, shows their essence as an important component of economic activity, their role in the context of intensification of international economic relations of economic entities. The author analyzes various scientific ideas and multifaceted scientific points of view in the field of disclosing and grouping of transaction costs which, due to their specific features, appear unexpectedly in the activities of economic entities. Theoretical assumptions are made as to classification of transaction costs; intensified competition at the market being taken into account. The authors put in good order the structure of transaction costs and substantiate theer place in economic activities of economy entities.The necessity of classification of transaction costs in the activities of modern enterprises and firms in the face of increasing threats to their growth is well-grounded.

Keywords

transaction costs, economics, economic theory, neoinstitutional economics, enterprises, economic entity, classification

References

1. Auzan A. A. Institutional Economics. – M.: Economist, 2004, - 192 pp.

2. Varlamova V. V. Managerial Discount of Transaction. Costs Economics Bulletin of Rostov-on-the-Don State University. 2008, V.6., #1, part 3. – 256 pp.

3. Samoshilova G.M., Vanchina I. I. Transaction Costs in Modern Economic Explorations // Bulletin of Omsk State University. Series: Economics 2018, N4. – pp. 52-58

4. Kapelyushnikov R. I. Teory of Transaction Costs. – M., 200. – 252 pp.

5. Kouz R. G. “Institutional Structure of Manufacturing” Nobel Lecture (1991) // Nature of Firm: translation from English. – M.: Business, 2001. – 109 pp.

6. Eggertsson T. Economic Behavior and Institutes. – M.: Business, 2001. – 407 pp.

7. Jensen M.C., Meckling W.H. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics. 3(4). 1976. -PP. 305-360.