Основи на икономиката на аграрните договори

Fundamentals of economics of agrarian contracts

Hrabrin Bachev ()

MPRA Paper from University Library of Munich, Germany

Abstract: The achievements of the interdisciplinary New Institutional Economics are adapted and a holistic approach to the definition, classification, evaluation and improvement of contracts and contractual relations is justified. A critical analysis of the modern development of the economics of contracts is made and the peculiarities of the economic study of agrarian contracts are highlighted. A "new" approach for economic analysis, evaluation and improvement of agrarian contracts in is presented, which includes: (1) economic definition of agrarian contracts and characterization of their place in the system of agrarian governance as bilateral or multilateral agreements related to agricultural production and services; (2) economic characteristics of the agents participating in the contractual relations (interests, level of awareness, risk-taking tendency, capability, tendency to opportunism, etc.); (3) economic characteristics of different types of agrarian contracts (for purchase and sale, hire of labor and resources, services, loan, insurance, marketing, coalition, etc.); (4) economic characterization of the agrarian contracting process (technological, transactional, institutional, etc. factors for managerial choice); (5) economic characterization of the outcome of the contractual process and the dominant governance order in the agrarian sphere (rule of law, rule of force, contractual structure, etc.); (6) characterization of the stages for the improvement of agrarian contracts and governance (identification of problems and failures of the market, private negotiation, and public forms; needs and modes of new public intervention, etc.); (7) identification of needs and sources of new information for analysis and evaluation of agrarian contracts.

Keywords: agrarian contracts; governance; transaction costs; forms; factors (search for similar items in EconPapers)
JEL-codes: Q1 Q12 Q13 Q15 Q18 (search for similar items in EconPapers)
Date: 2024-09-03
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