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The Firm in the Context of the Theory of Transaction Costs

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  • Tamara Todorova

Abstract

The modern firm is discussed from the viewpoint of R. Cose’s theory of transaction costs. The issue of management and price mechanism as alternative methods of allocating economic resources is analyzed. The company growth limits are defined and the nature of transaction costs is given, utilizing a wide range of bibliography. It is in transaction costs levels that barriers to exchange in most countries of Eastern Europe are sought.

Suggested Citation

  • Tamara Todorova, 2004. "The Firm in the Context of the Theory of Transaction Costs," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 55-74.
    • Handle: RePEc:bas:econth:y:2004:i:1:p:55-74
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    Cited by:

    1. Sedlarski, Teodor & Ankova, Iliana, 2010. "Възможност За Счетоводно Отчитане На Транзакционните Разходи В Предприятията [A Possible Way to Estimate Transaction Costs Through the Firm's Accounting System]," MPRA Paper 52428, University Library of Munich, Germany.
    2. Atanas Leonidov, 2006. "Endogenous Theory of Growth and Main Economic Schools," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 38-70.
    3. Kalin Gospodinov, 2014. "Possibilities for quantitative measurement of transaction costs at the microlevel," An Annual Book of University of Economics - Varna, University of Economics - Varna, vol. 85(1), pages 257-307, January.
    4. Teodor Sedlarski, 2022. "Individualism, collectivism, social capital, and economic development," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 171-204.

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    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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