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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.
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