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KV #19905-9705 PR dated 02.04.2013.

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BUSINESS INFORM №2-2013

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8

Section: Mechanisms of Regulation of the Economy
UDC 330.837.2
Strizhak A. Y.
Institutions as Tools of Regulating Opportunism in Market Transactions (p. 40 - 45)

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.
Keywords: opportunistic behaviour, transactions, institutions, market economy
Fig.: 2. Bibl.: 9.

Strizhak Anna Yu. – Postgraduate Student, Department of Economic Theory, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]

Article is written in Russian
Downloads/views: 423

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Reference to this article:
Strizhak, Anna Yu. (2013) “Institutions as Tools of Regulating Opportunism in Market Transactions.” Business Inform 2:40–45.


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