Russian Abstract: Качественное и эффективное управление трансакционными издержками проекта подразумевает комплексный подход к процессу оценки возможных потерь,...

In light of the under-explored potential of Simon's theory of altruism, the purpose of the present article is to review this explanation of altruism and to point out some of its implications for behavioural economics and theories of economic organization. In the course of the argument, this...

Spanish Abstract: La historia de un concepto a veces descubre representaciones mentales y expresiones particulares que revelan desarrollos teóricos distintos. Aunque el análisis económico de los derechos de propiedad fue iniciado a comienzos de los años sesenta por Alchian, Coase y Demsetz,...

Identity is an integral part of all but the most trivial economic, social and political transactions. Using transaction cost economics, we determine that identity costs are a distinct and measurable subset of transaction costs. In certain transactions, such as credit arrangements, identity costs...

Braun (this issue) argues that the traditional accounting principles underlying the revenue-expense approach such as Historical Cost and Conservatism are ecologically rational in that they help organizations survive better in uncertain economic environments. More importantly, he argues that the...

It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...

It has been claimed that the market fosters selfishness and thereby undermines the moral basis of society. This thesis has been developed with an emphasis on market exchange. Everyday life is, however, predominantly shaped by interactions in the workplace rather than by shopping behaviour. This...

The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory. The theory is based on minimization of...