COURTS AND CONTRACT ENFORCEMENT IN AGRICULTURAL TRANSITION - THEORY AND EVIDENCE FROM POLAND

Volker Beckmann () and Silke Boger

No 22213, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The paper investigates theoretically and empirically the role of courts for contract enforcement in transition agriculture. We develop a theoretical model, based on the costs and benefits of court enforcement that captures the boundary between contracts to be judged as court "enforceable" and "not-enforceable" and, simultaneously, identifies the threshold of taking legal action. The empirical analysis based on a survey of 306 Polish hog farmer conducted in 1999 strongly supports our model.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2003
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea03:22213

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