INFLUENCE OF TRANSACTION COSTS OF A PRODUCTION ENTERPRISE ON THE FORMATION OF ITS PROFIT
- Authors: Ilyina E.A.1
-
Affiliations:
- Samara National Research University
- Issue: Vol 11, No 1 (2020)
- Pages: 144-152
- Section: MATHEMATICAL AND INSTRUMENTAL METHODS OF ECONOMICS
- URL: https://journals.ssau.ru/eco/article/view/7764
- DOI: https://doi.org/10.18287/2542-0461-2020-11-1-144-152
- ID: 7764
Cite item
Full Text
Abstract
The published article proposes economic and mathematical models for predicting the profits of an enterprise that incurs certain transaction costs in addition to production costs. The source of transaction costs of an enterprise is the compelled expenses for the search and processing of economic information, financing of negotiations, elaboration and conclusion of contracts with partners, organization of protection of property rights, payment of opportunistic behavior of employees and managers of the enterprise, etc. A numerical analysis of the obtained economic and mathematical models for predicting the economic indicators of an enterprise having a certain level of transaction costs shows that instead of the maximum level of profit, an enterprise can only achieve its lower optimal level, which corresponds to the optimal value of the transaction utility function.
About the authors
Elena A. Ilyina
Samara National Research University
Author for correspondence.
Email: elenaalex.ilyina@yandex.ru
Candidate of Physical and Mathematical Sciences, associate professor, asspshiate professor of the Department of Mathematics and Business-Informatics
Russian FederationReferences
- Oliver E. Williamson The economic institutions of capitalism. Firms, Markets, Relational Contracting]. Saint Petersburg: Lenizdat, SEV Press, 1996, 702 p. (In Russ.) Available at: https://b-ok.cc/book/3290260/b663ac.
- Furubotn E.G., Richter R. Institutions and Economic Theory. The Contribution of the New Institutional Economics of Markets. Saint Petersburg: Izd. dom SPb. gos. un-ta, 2005, 702 p. (In Russ.) Available at: http://bookre.org/reader?file=1514995.
- Popov E.V., Konovalov A.A. A model of information retrieval costs optimization. Problemy upravleniya = Control Sciences, 2008, no. 3, pp. 69–72. (In Russ.) Available at: http://www.
- mathnet.ru/php/archive.phtml?jrnid=pu&paperid=160&wshow=paper&option_lang=rus.