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Increasingly big amount of discussions is currently formed around digital revolution and the formation of information and knowledge society. To date digital economy has become the background of tectonic developments, which are shaping the form and structure of national economies and regional clusters, thus, influencing the nature and models of business development. Digital economy has occupied the integral role in diverse economic spheres such as: education, medicine, electrical energy, transportation, logistics a...

Modern institutional theory demonstrates astute attitude to studying transactional costs. The key explanation of transactional costs will include the costs, which the economic entity will bear while complying with the conditions of economic exchange. This is one of the guiding reasons why institutional theory of economics is often referred to as the economic theory of transactional costs. The real volume of transactional costs in the Global economy is getting increasingly high. Economic entities are facing the nec...