Piotr Szkudlarek

University of Szczecin

Poland

tatus@wneiz.pl

Telecommunications services market in the light of the agency theory and the transaction cost theory under new institutional economics: case for Poland

Received: June, 2014

1st Revision: September, 2014

Accepted: October, 2014

ABSTRACT. The main objective of the paper is to evaluate the telecommunications services market in Poland, focusing on its regulation in the context of the Agency Theory and the Transaction Cost Theory under New Institutional Economics (hereinafter NIE). In the following sections of the paper, selected aspects concerning institutional economics, particularly institutions are presented. Next, the key issues related to the Agency Theory and the Transaction Cost Theory under New Institutional Economics are described. The theories are a basis for the evaluation of the telecommunications services market in Poland shown in the final part of the paper.

The aim of the paper is to identify and analyse key aspects of regulation as a means of the state’s influence on the economy.

DOI: 10.14254/2071-8330.2014/7-3/6

JEL Classification:  D4, H4.

Keywords: institutional economics, agency theory, transaction cost theory, telecommuni- cations