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Efficiency of Farms and Agrarian Organizations

Hrabrin Bashev
Authors registered in the RePEc Author Service: Hrabrin Bachev Храбрин Башев ()

Economic Thought journal, 2012, issue 4, 46-77, 78-104

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

JEL-codes: Q01 Q12 Q13 Q15 Q18 (search for similar items in EconPapers)
Date: 2012
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