Understanding efficiency of agrarian organisation
Hrabrin Bachev ()
MPRA Paper from University Library of Munich, Germany
In this paper we incorporate achievements of interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) into analysis of agrarian organizations and suggest a framework for evaluating efficiency of different governing structures in agriculture. This new approach includes: study of farm and other agrarian organizations as a governing rather than production structure; assessment of comparative efficiency of alternative (market, contract, internal, hybrid) modes of governance; analysis of level of transaction costs and their institutional, behavioral (agents preferences, bounded rationality, tendency for opportunism), dimensional (frequency, uncertainty, assets specificity, and appropriability of transactions), and technological factors; determination of effective horizontal and vertical boundaries of farms, and other agrarian organizations; the specification of the economic role of the government and the effective forms of public interventions in agrarian sector. The paper provides new effective tools for improvement of agrarian public policies, farming and business strategies, and academic analysis.
Keywords: agrarian governance; efficiency of farms and agrarian organizations; agrarian policies; transaction costs; new institutional and transaction costs economics (search for similar items in EconPapers)
JEL-codes: D21 O13 Q12 Q18 D23 L14 O17 Q13 L22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/19477/1/MPRA_paper_19477.pdf original version (application/pdf)
Journal Article: Understanding Efficiency of Agrarian Organisation (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:19477
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Series data maintained by Joachim Winter ().