Institutions as Tools of Regulating Opportunism in Market Transactions

Journal Title: Бізнес Інформ - Year 2013, Vol 2, Issue 0

Abstract

The article studies opportunistic behaviour of economic agents under conditions of economy transformation. A range of various institutions that influence restriction of opportunistic behaviour of individuals is analysed. Such institutions are presented in the form of formal and informal rules of behaviour in the society. Formal rules include political and economic rules and contracts; informal include moral values and psychological patterns shared by society, common practices, traditions, taboos, religious beliefs, etc. The study revealed that the most efficient restrictors of opportunistic behaviour are informal institutions.

Authors and Affiliations

Anna Strizhak

Keywords

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  • EP ID EP141484
  • DOI -
  • Views 92
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How To Cite

Anna Strizhak (2013). Institutions as Tools of Regulating Opportunism in Market Transactions. Бізнес Інформ, 2(0), 40-45. https://www.europub.co.uk/articles/-A-141484