Moszynski, Michal; Wieckowska, Marcelina - In: Copernican Journal of Finance & Accounting 3 (2014) 1, pp. 121-133
In the market economy the “actors” act according to rules of the game – the institutions – which impose certain restrictions on their behavior, making it more predictable for the other participants, reduce risk and uncertainty, and furthermore lowers transaction costs, etc. Institutions...
