The rapid development of institutional economics model approaches from the investigations of Nobel Prize winners R. Coase, D. Horth, O. Williamson and E. Ostrom quickly passed the development dynamics of institutional economics theoretical platform.
In spite of the fact that the institutional economics is based on such terms as “transactions’, “transactional cost”, “economical institutions” there is no correct dependence between this terms and isn’t correct classifications of this terms up to the present time.
The elaboration of dependences between transactions, costs and institutions and possible classifications of these terms were the purpose of investigation. Also these terms, there definitions and types were the objectives of investigation. The results of the number of researchers and own results were the main data of investigation.
The results as theoretical positions which characterized self dependence of elements of system “transactions – costs – institutions” were elaborated.
Firstly, it was shown that the economical transactions may be divided into transactions for information search, market analysis, law defense and protection from opportunism, production promotion. The correspondence to the nonproduction activity of firm is the criteria of systematization for such types of transactions. This classification of transactions is possible due to the firm’s market potential structure. The theoretical significance of such dividing of economical transactions consists in the development of this terms essence from the investigations of J. Commons and K. Polanyi.
Secondly, the transactional costs classification is possible by the description as the nonproduction costs and on the base of the enterprise market potential structure. In this case it was correctly to divide the transactional costs for information search, market analysis, law defense and protection from opportunism, production promotion. The theoretical significance of such dividing of transactional costs consists in the development of transactional cost typology by T. Eggertsson.
Thirdly, the transactional costs on the creation and development of the stable norm of interaction between economic agents may be determined as the cost estimation of the economic institutions by K. Arrow and D. North. Such estimation of economic institutions allows to possible quality comparison and prognosis of the institutional structure progress in various economic systems.
Fourthly, the institutional structure of economical systems may be formalized in the institutional atlas which represented as the multifactor system character of such institutional structure. It means the summary classification of the institutes uniting in of some types of ordering of given institutes by various criteria. Hierarchical ordering of institutes of development is possible by following criteria: to an occurrence place, fields of activity, functions of management and manufacture functions.
Fifthly, the transactional function show the transactional costs dependence form the quantity of economic agents who participate in this transactions, formal and informal institutions which have been created due to the transactions between those economic agents. The introduction of analytical sort of the transaction function completes build-up of a tool means of a rating of economic activity of the firm Kobb-Douglas, started from production function.