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.
Highlights
Study of institutional arrangements of the Russian economy is relevant at the present stage of transformation of the domestic economy and the development of the economic system
Historical economic institutions significantly affect the formation of a national economic model
The fact that the formation of a market economy requires long periods of improving the institutional system suggests that its becoming more difficult becomes the functioning of the market mechanism, and its institutional environment, which allows him to work effectively with acceptable social consequences
Summary
Analyzing the concept of "institution", we felt it necessary, first of all, to answer the question: is there a need to include the presence of specific support mechanisms in the composition of the essential characteristics of the institute? An affirmative answer would mean that a particular rule establishment of an integrated system of border corresponding to the concept of the institution. Analysis of different types of standards, their classification, in our view, contributes to the understanding of the importance of the role of traditions, customs and norms (rules) in the behavior of economic agents, which is a fundamentally new methodology of economic institutions in the theoretical analysis. This greatly expands the scope of the determinants that affect the economic behavior of agents. As soon as it is, these latter rules should be equipped with appropriate mechanisms, etc
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