Широко прилаганият традиционен (Нео-класически) подход, който ограничава ефективността на икономическите организации до производствените разходи, не може нито...

A mass privatization program has been developed and executed in Bulgaria during the period 1995-1998. The study examines the creation of the institutions needed to ensure an effective capital market and mechanisms for stockholder control over the direction of the private enterprises which have...

The paper discusses various definitions of transaction costs and, in a sense, represents a review of existing theories. This involves an attempt at defining transaction costs in relation to information costs, implicit and explicit costs, ex ante and ex post transaction costs. We offer a...