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Efficiency of Farms and Agrarian Organizations (Bulgarian)

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  • Hrabrin Bashev

Abstract

This paper incorporates achievements of the New Institutional Economics and suggests a framework for assessing efficiency of farms and agrarian organizations. The 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 in agrarian sector.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.

Volume (Year): (2012)
Issue (Month): 4 ()
Pages: 46-77

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Handle: RePEc:bas:econth:y:2012:i:4:p:46-77

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  1. Bachev, Hrabrin, 2008. "Governing of agrarian sustainability," MPRA Paper 7772, University Library of Munich, Germany.
  2. Harvey S. James & Michael E. Sykuta, 2005. "Property Right and Organizational Characteristics of Producer-owned Firms and Organizational Trust," Annals of Public and Cooperative Economics, Wiley Blackwell, Wiley Blackwell, vol. 76(4), pages 545-580, December.
  3. Thomas Masterson, 2007. "Productivity, Technical Efficiency, and Farm Size in Paraguayan Agriculture," Economics Working Paper Archive, Levy Economics Institute wp_490, Levy Economics Institute.
  4. Hrabrin Bachev, 2005. "Efficiecy Of Agrarian Organisations," Microeconomics, EconWPA 0511002, EconWPA.
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