H. Bachev, PhD in Economics, Professor Institute of Agricultural Economics, Sofia, Bulgaria NEW INSTITUTIONAL ECONOMICS FRAMEWORK FOR ASSESSING AND IMPROVING AGRARIAN ORGANIZATIONS

We incorporate interdisciplinary New Institutional and Transaction Costs Economics and suggest a framework for assessing efficiency of farms and agrarian organizations. Our new approach includes: study of farm and agrarian organizations as governing rather than production structure; assessment of comparative efficiency of alternative market, contract, internal, and hybrid modes of governance; analysis of level of transaction costs and their institutional, behavioral, dimensional, technological and natural factors; determination of criteria of farm efficiency and its effective boundaries; specification of economic role of government and needs for public interventions in agrarian sector; assessment of comparative efficiency of alternative forms of public involvement.

Keywords: efficiency of farms and agrarian organizations; market, private and public governance.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/150-9/1

  1. Bachev, H. Efficiency of Agrarian Organizations, Farm Management and Rural Planning. 5, 2004. – 135-150p.
  2. Bachev H. Management of Farm Contracts and Competitiveness, VDM Verlag, Germany and USA., 2010a.
  3. Bachev H. Governance of Agrarian Sustainability, New York: Nova Science Publisher, 2010b.
  4. Bachev H. and M.Labonne. About Organization of Agrarian Innovations. Montpellier: INRA, 2000.
  5. Csáki C. and Z. Lerman. Structural change in the farming sectors in CЕЕ. Washington DC, 2000.
  6. Coase R. The Nature of the Firm, Economica 4, 1937. – 386-405 p.
  7. Coase R. The Problem of Social Costs, Journal of Law and Economics 3, 1960. – 1-44.
  8. Furuboth, E. and Richter, R. Institutions and Economic Theory. Contribution of New Institutional Economics, University of Michigan Press, Ann Arbor, 1998.
  9. Harvey J. and M. Sykuta. Property Right and Organizational Characteristics of Producer-Owned Firms, Annals of Public and Cooperative Economics, 4, 2005. – 545-580 p.
  10. Gortova M. and S.Davidova. Farm productivity and efficiency in the CEE applicant countries, Elsevier, 2003.
  11. Mathijs E. and J. Swinnen. Production Organization and Efficiency during Transition, Policy Research Group, 1997.
  12. Mori T. The History of Japanese Agriculture, in Agricultural Policy in Japan, XXI IAAE Conference, Tokyo, 1991.
  13. North D. Institutions, Institutional Change and Economic Performance. Cambridge University Press, 1990.
  14. Olson M.. The Logic of Collective Actions: Public Goods and the Theory of Groups. Harvard Univ. Press., 1969.
  15. Pigou A.. Economics of Welfare. London: Macmillan and Co. 1920. 16. Williamson О. The Economics of Organization. The American Journal of Sociology 87 (3), 1981. – 548–577 p. 17. Williamson O. E. The mechanisms of governance, New York: Oxford: Oxford University Press, 1996.


  • pdf 150_1
    File size: 377 kB Downloads: 47