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Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture

Hrabrin Bachev ()

Review of Economics & Finance, 2011, vol. 1, 89-103

Abstract: This paper incorporates interdisciplinary New Institutional Economics and suggests a framework for assessing needs and efficiency of economic organizations and public interventions in agriculture. Proposed new approach includes: studying farm and agrarian organizations as governing rather than production structure; assessment of comparative efficiency of alternative market, contract, internal, and hybrid modes of governance; analyzing level of transaction costs and their institutional, behavioral, dimensional, technological and natural factors; determination of effective horizontal and vertical boundaries of agrarian organizations; specification of economic role of government and needs for public interventions in agrarian sector; assessment of comparative efficiency of alternative forms of public involvement.

Keywords: Market; Private; Public governance; Agricultural policy (search for similar items in EconPapers)
JEL-codes: Q01 Q12 Q13 Q15 Q18 (search for similar items in EconPapers)
Date: 2011
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