Time as a Resource and Transaction Costs
Time as a Resource and Transaction Costs

Author(s): Oleg Sergeyevich Sukharev
Subject(s): Economy
Published by: Икономически университет - Варна
Keywords: time; transaction costs; theorem of costs; agents; new and old institutions
Summary/Abstract: The problem of time as a resource, determining the development of any economic system. Particular attention is paid to the interaction of the new and old institutions, accounting of transaction costs. Theorem proposed costs and relations determining the economic boundaries of agents’ behaviour in the system, taking into account the debt limit.

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