Scholarly record
ANALYSIS OF INTERACTION OF INSTITUTIONS IN MODERN PRODUCTION PROCESS
Abstract
Due to the fact that the innovation system integrates the set of many interconnections of subjects of property, and that subjects often have directed to one side interests, so the defining approach to the research of the issue of interaction of institutions and property should be the integrated approach to the issue of cooperation of subjects of property that is represented in the article. The innovation economy, submitting to quite certain patterns and well-defined laws, changed traditional ideas and concepts of cooperation relations of subjects of property, destroyed their isolation. There is a shift to a new scientific model of the organization of subjects of property which is based on integration processes, consolidation of subjects of property in strategic alliances with the purpose of implementation of the innovation process, as well as concentration on the main environment issues. However, commitment to the hypothesis of rational expectations allows to consider behavior of the network subject of property as especially rational: each subject in the network organization aims to optimize the criterion function.
Publication Impact Profile
Publication details
References7
COASE, R.H., 2008. The economics of the first amendment: The market for goods and the market for ideas. Economics Law and Individual Rights. pp. 9-17.
COOKE, P., 2012. Mncs, clusters and varieties of innovative impulse. Innovation and Institutional Embeddedness of Multinational Companies. pp. 105-138.
FAKHRUTDINOVA, E., MOKICHEV, S. and KOLESNIKOVA, J., 2013. The influence of cooperative connections on innovation activities of enterprises. World Applied Sciences Journal, 27(2), pp. 212-215.
LAMINE, W., MIAN, S., FAYOLLE, A., WRIGHT, M., KLOFSTEN, M. and ETZKOWITZ, H., 2016. Technology business incubation mechanisms and sustainable regional development. Journal of Technology Transfer, , pp. 1-21.
MALAEV, V.V. and NIZAMUTDINOV, I.K., 2014. Inequality and economic growth in the Russian economy. Mediterranean Journal of Social Sciences, 5(24), pp. 346-350.
NASH, J.F., JR., 2015. Research studies approaching cooperative games with new methods. Economics for the Curious: Inside the Minds of 12 Nobel Laureates. pp. 109-122.
NORTH, D.C., 2012. Understanding the process of economic change. Worlds of Capitalism: Institutions, Goverance and Economic Change in the Era of Globalization. pp. 93-106
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
