Decision making pattern of subsistence farmers in Bulgaria

Plamen Mishev and Philip Kostov
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Plamen Mishev: University of National & World Economy

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Abstract: Economic research by and large is dominated by a ‘rationality’ paradigm. Economic decision making within this paradigm is viewed as a maximising procedure. In general the latter represents the decision-making as a choice amongst a well defined set of alternatives. In this paper we question this and analyse the options of the small-scale subsistence farmers in Bulgaria in the way they see them. By applying mental accounting methodology we deduce some significant characteristics of Bulgarian subsistence agriculture.

JEL-codes: D11 D13 D79 D89 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa
Date: 2004-09-15
Note: Type of Document - pdf; pages: 14
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpot:0409012

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