As an institutional theory of the firm allows you to answer two questions:
1. Why do firms exist;
2. what determines their size.
Using the Edgeworth box, depicted as Ronald Coase theorem justifies the need for a clear specification of property rights on the line to find contracts.
What type of game situation to be typical for a society to be decided on the move to the right-hand traffic levostorennemu. The answer is illustrated (based on game theory).
Should the economy dominate the abstract principles of law made by the legislature, or the economy should rule judgments, becoming a precedent in future decisions? Justify your answer using institutional economics.
Question 1. Give three examples of institutional problems of the Russian economy and to show how high the importance of institutional factors in the Russian economy. How institutions affect the curve of production capacity of the economy.