Transaction costs in land use: types and impact on the functioning of formal and informal institutions

The article discusses the issues related to transaction costs arising in land use. Institutional theory was chosen as the research methodology, which consists of analyzing the transformation of social institutions (formal and informal) in the field of land use. This theory allows us to determine the types and influence of transaction costs in land use and make management decisions to minimize their impact. Based on the results of the analysis, the author identified, classified and described the main types of common transaction costs in land use. The author also gave some recommendations to increase the efficiency level of formal land use institutions and the interaction of all participants in land relations.