To contract or not in the food sector of transition economies? Evidence from the dairy sector in FYROM

Emelj Tuna, Kostas Karantininis and Yves Surry

No 182860, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists

Abstract: Countries still confronted with transition process express different patterns of contractual arrangements in the agricultural sector. The inefficiencies in their legal systems and problems with contracts enforcement in many instances force informal contracting arrangements instead. This paper empirically tests the transaction cost specifics determining the presence or absence of contracts to regulate transactions between the dairy farmers and their processing partners in the Former Yugoslav Republic of Macedonia (FYROM). In order to stimulate investments and initiate progress in this sector, it is necessary to establish tighter coordination trough long-term formal contracts which will eliminate the present uncertainties and risks.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Pages: 6
Date: 2014-08
New Economics Papers: this item is included in nep-agr and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182860

DOI: 10.22004/ag.econ.182860

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