Transaction Costs and Institutional Change of Trade Litigations in Bulgaria

Authors

  • Assist. Prof. Shteryo Nozharov Author
  • Chief Assist. Prof. Dr Petya Koralova–Nozharova Department of Economics and Accounting in Transport, Faculty of Transport Management, Todor Kableshkov University of Transport Author

Keywords:

Transaction costs, New institutional economics, Reform of the judicial system, Trade litigations, Shadow economy
D23, K12, O43, P48

Abstract

The methods of new institutional economics for identifying transaction costs of trade litigations in Bulgaria are used in the current paper. The main purpose of the model is to be forecasted the rational behaviour of trade litigation parties in accordance with the transaction costs in the process of enforced execution of the signed commercial contract. The implementation of the model is related to the more accurate measurement of transaction costs on microeconomic level.

References

Carl J. and Dahlman and first (1979). The Problem of Externality. The Journal of Law and Economics, 22(1), 141-162. DOI: https://doi.org/10.1086/466936

DP Kessler, DL Rubinfeld - Handbook of law and economics, 2007 (2007). Empirical study of the civil justice system. Hand book of law and economics (Ed. NA), pp. 343-402. URL: https://www.sciencedirect.com/science/article/pii/S1574073007010055

Palumbo, G. and et al. (2013). The Economics of Civil Justice. OECD Economics Department Working Papers, 2-59. DOI: https://doi.org/10.1787/5k41w04ds6kf-en

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Published

2018-07-06

Issue

No. 3 (2018)

Section

Articles

License

Copyright (c) 2018 Shteryo Nozharov, Petya Koralova–Nozharova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Nozharov, S., & Koralova–Nozharova, P. (2018). Transaction Costs and Institutional Change of Trade Litigations in Bulgaria. Research Papers, 3, 123-133. https://bjiep.e-dnrs.org/index.php/rp/article/view/5552