This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...

Dne 9. prosince 2004 přijala Slovenská republika zákony o konkurze a reštrukturalizácii a o správcoch, které byly vyhlášeny pod čísly 7/2005 Z.z. a 8/2005 Z.z. Stalo se tak necelých osmnáct měsíců poté, co vláda Slovenské republiky schválila v červenci 2003 legislativní...

This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes...

The core aim of this paper is to suggest comprehensive definition of the information economy and delineate the range of economic problems it deals with, paying particular attention to its connections to the economics of information. The text, in the extent provided, can not investigate...

The article is based on the thesis that institutional quality influences the economic performance. From this point of view under certain circumstance the government policy is able to increase efficiency and performance of economies through creation, maintenance and cultivation of appropriate...

We analyze the extent of the integrated state control over the privatized companies in the Czech Republic during the decade of 1995-2005. During this period, the integrated potential of the state to control companies had a pyramid-like form. Even though the pyramid control was not fully...

The paper focuses on a comparison of three different approaches that seek to explain the existence of public goods. First the mainstream Samuelson-Musgrave approach, based on the search for an objective nature of so-called pure public goods, is critically evaluated, especially with respect to...

The Czech Council for R&D developed a new version of the Methodic for the Evaluation of R&D. In this paper, we discuss especially three criteria from this Methodic: - publications in impacted journals - publications in other scientific refereed journals - evaluation of publications with more...

Almost all of us sometimes voluntarily give up some scarce resources to make someone else better. Not only the amount of resources used for such purposes, but also other wider concerns (implications for private and government sector) have drawn the attention of economists in recent decades. In...

One of the key assumptions of neoclassical economics is the existence of the rational individual, who always tries to maximize his or her utility. The paper shows possibilities of experimental evaluation of this hypothesis with respect to the various groups of people who undertake the...