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Institutions and properties of the transaction: influences on land rental contract design in Poland

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  • Hurrelmann, Annette

Abstract

The article analyses influences on the design of land rental contracts in Poland. Attention is paid to the effect of both the properties of the transaction as identified in Transaction Cost Economics (asset-specificity, uncertainty, frequency) and the features of the institutional environment (legal as well as customary rules) as studied by the Economics of Property Rights. The conclusion is that institutional influences have a very strong effect and should not be disregarded in the explanation of contract choice.

Suggested Citation

  • Hurrelmann, Annette, 2005. "Institutions and properties of the transaction: influences on land rental contract design in Poland," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 54(06), pages 1-8.
    • Handle: RePEc:ags:gjagec:97390
    DOI: 10.22004/ag.econ.97390
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    References listed on IDEAS

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    1. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
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