Framework for Analisis and Improvement of Agrarian Dynamics
Hrabrin Bachev ()
MPRA Paper from University Library of Munich, Germany
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: D62 O19 L14 D71 L33 D73 K0 D41 O13 Q01 Q12 Q18 D23 O17 D52 F53 L22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19349
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