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Framework for Analisis and Improvement of Agrarian Dynamics

Hrabrin Bachev

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we incorporate interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analyzing and improvement of governance of socio-economics dynamic of agriculture. This new approach take into account: the role of specific institutional environment (formal and informal “rules of the game”, distribution of various rights between individuals, and systems of enforcement of rights and rules; behavioral characteristics of agents (preferences, bounded rationality, tendency for opportunism, risk aversion, trust); costs of governance and critical factors of transactions (uncertainty, frequency, asset specificity, and appropriability); comparative efficiency of market, private, public and hybrid modes of governance; efficiency of alternative modes for public intervention; complementarities between different modes; needs for multilateral and multilevel governance; technological and ecological factors.

Keywords: governance of socio-economic dynamics and sustainable development; market, private, public and hybrid modes of governance; agrarian development (search for similar items in EconPapers)
JEL-codes: D23 D41 D52 D62 D71 D73 F53 K0 L14 L22 L33 O13 O17 O19 Q01 Q12 Q18 (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-agr
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