Transaction Costs and Institutional Change of Trade Litigations in Bulgaria
Loading...
Date
Journal Title
Journal ISSN
Volume Title
Publisher
Academic Publishing UNWE (AP-UNWE)
Abstract
Description
The methods of new institutional economics for identifying transaction costs of trade litigations in Bulgaria are used in the current paper. The main purpose of the model is to be forecasted the rational behaviour of trade litigation parties in accordance with the transaction costs in the process of enforced execution of the signed commercial contract. The implementation of the model is related to the more accurate measurement of transaction costs on microeconomic level.
Keywords
Transaction costs, New institutional economics, Reform of the judicial system, Trade litigations, Shadow economy, D23 - Organizational Behavior • Transaction Costs • Property Rights, K12 - Contract Law, O43 - Institutions and Growth, P48 - Legal Institutions • Property Rights • Natural Resources • Energy • Environment • Regional Studies