Information and transactional costs under conditions of limited psychological resources of an economic subject

Alexander G. Furin1, Victor L. Tarasov1
1 Поволжский государственный технологический университет, г. Йошкар-Ола

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Journal paper

Creative Economy (РИНЦ, ВАК)
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Volume 10, Number 10 (October 2016)

Citation:

Furin, A. G., & Tarasov, V. L. (2016). Information and transactional costs under conditions of limited psychological resources of an economic subject. Creative Economy, 10(10), 1129-1138. https://doi.org/10.18334/ce.10.10.36626

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=27278064
Cited: 2 by 24.01.2023

Abstract:
The article reviews the issues concerning the information and transactional costs under condition of limited human psychological resources. In this study, at first, specific features of the modern stage of the social development are reviewed where the information is the most important industrial factor; at the second, this resource is characterized in combination with the subject's mind. The study determines the role of psychological resources of the mind that have the direct effect on obtaining, treatment and the use of information for taking managerial decisions. The conclusion is drawn that optimization of internal resources is the condition for rationalization of the subject's economic activity.

Keywords: information, informational economy, transactional costs, asymmetry of information, psychic resources

JEL-classification: L21, D81, D82

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