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Instytucje a koszty transakcyjne w nowej ekonomii instytucjonalnej

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  • Hardt, Łukasz

Abstract

The article’s aim is to analyse the development of the New Institutional Economics (NIE) from the point of view of evolution of the notions of institution and transaction costs, as well as methods of analysing their mutual interactions. Oliver E. Williamson’s transaction costs economics, which laid down the foundations of NIE, is to be presented first, followed by a review of Douglass North’s writings. This review will distinguish two periods: North I, in which his transaction costs analysis takes place within the framework of assumptions of the neoclassical economics, and North II, when some of these assumptions are rejected. The next step will involve a comparison of North’s and Williamson’s concepts of transaction costs. As a conclusion, an attempt to integrate those two transaction costs economics will be presented.

Suggested Citation

  • Hardt, Łukasz, 2005. "Instytucje a koszty transakcyjne w nowej ekonomii instytucjonalnej," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2005(1-2), February.
    • Handle: RePEc:ags:polgne:355528
    DOI: 10.22004/ag.econ.355528
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    References listed on IDEAS

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    1. Masahiko Aoki, 1998. "The Subjective Game Form and Institutional Evolution as Punctuated Equilibrium," Working Papers 98011, Stanford University, Department of Economics.
    2. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 66(4), pages 545-556.
    3. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    4. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-123, May.
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