Munich Personal RePEc Archive

Институционална среда, дерегулация и естественото равнище на транзакционни разходи

Kosuliev, Aleksandar (2009): Институционална среда, дерегулация и естественото равнище на транзакционни разходи. Published in: Научни трудове на Русенския университет , Vol. 48, No. 5.1. (2009): pp. 7-11.

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Abstract

Institutional reform during the last three decades has been directed towards deregulation in attempt to reduce transaction costs related to compliance with administrative requirements. This paper tries to find the limits of the effectiveness of such measures by putting them into the framework of a hypothesis about the natural level of transaction costs. The hypothesis is explained by looking for parallels to the natural rate of unemployment.

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