Methodological Foundations Concepts Of Norms And Institutions For Institutional Analysis
Abstract
Institutional analysis of the Russian economy becomes relevant in the process of transformation and development. Relevance of research institutions due to the fact that institutions have an impact on the national business model. The long process of institution building, the difference between their composition and properties in comparison with the economies of the European Union and the U.S., confirms the inevitability of self-development of each country. The author sees a problem in the fact that the development of a market economy in Russia, by the standards of industrialized countries, are inevitable: a long time, significant social costs and social consequences. As the research activities of Russian corporations and for the establishment of a modern economy the problem is not to create a market mechanism of the economy, and to build its institutional environment, which allows the market to function efficiently with acceptable social consequences. Investigation of the role of institutions in the prosperity and well-being of countries with market economies, led me to the need to separate the coordination and distribution functions of institutions. It is suggested that in the context of asymmetric information these functions determines the appearance and coordinating the distribution of effects. The first mechanism is to reduce the uncertainty of the market environment, the second - the mechanism of diversification of resources and the benefits of economic agents. The interaction of these mechanisms, in my opinion leads to lower costs of economic agents. Moreover, the degree of asymmetry of information, the level of costs and the role of institutions in regulating the interactions of agents are directly proportional. As a result, it was concluded that the institutions are the most important instrument of formation, development and management behaviors of economic agents.
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