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Analysing agricultural land markets as organisations: An empirical study in Poland

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  • Hurrelmann, Annette
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    Abstract

    Analysing markets as organisations governed by a network of relational contracts that establish rules for market participants increases our understanding of exchange processes. On the basis of three land market case studies in Poland, it is shown that market rules are shaped by the identity as well as constellation of actors and are designed to serve the common objectives of the members of the organisation "market" by decreasing transaction costs and protecting group interests.

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    File URL: http://www.sciencedirect.com/science/article/B6V8F-4NJ7W5W-1/1/3e7ec903870f58a05cbf3b0473060b06
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

    Volume (Year): 67 (2008)
    Issue (Month): 1 (July)
    Pages: 338-349

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    Handle: RePEc:eee:jeborg:v:67:y:2008:i:1:p:338-349

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    Web page: http://www.elsevier.com/locate/jebo

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    1. Brian J. Loasby, 2000. "Market institutions and economic evolution," Journal of Evolutionary Economics, Springer, vol. 10(3), pages 297-309.
    2. Sugden, Robert, 1989. "Spontaneous Order," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 85-97, Fall.
    3. Macours, Karen & de Janvry, Alain & Sadoulet, Elisabeth, 2004. "Insecurity of property rights and matching in the tenancy market," CUDARE Working Paper Series 0992, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
    4. Allen, Douglas W & Lueck, Dean, 1992. "The "Back Forty" on a Handshake: Specific Assets, Reputation, and the Structure of Farmland Contracts," Journal of Law, Economics and Organization, Oxford University Press, vol. 8(2), pages 366-76, April.
    5. George A. Akerlof & Rachel E. Kranton, 2000. "Economics And Identity," The Quarterly Journal of Economics, MIT Press, vol. 115(3), pages 715-753, August.
    6. anonymous, 1998. "The economics of home ownership," Banking and Community Perspectives, Federal Reserve Bank of Dallas, issue 2, pages 4-5,8.
    7. Bernstein, Lisa, 1992. "Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry," The Journal of Legal Studies, University of Chicago Press, vol. 21(1), pages 115-57, January.
    8. Menard, Claude, 1995. "Markets as institutions versus organizations as markets? Disentangling some fundamental concepts," Journal of Economic Behavior & Organization, Elsevier, vol. 28(2), pages 161-182, October.
    9. Herbert A. Simon, 1991. "Organizations and Markets," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 25-44, Spring.
    10. Seiichi Fukui, 1997. "The Meaning of Kinship in Sharecropping Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 394-406.
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    Cited by:
    1. Tisdell, Clement A., 2008. "BEHAVIOURS OF CONSERVATION ORGANIZATIONS AND THEIR ENVIRONMENTAL IMPLICATIONS. Analysis based on New (and not so new) Institutional Economics," Institutional Change in Agriculture and Natural Resources Discussion Papers 6185, Humboldt University Berlin, Department of Agricultural Economics.
    2. Pletichová, D. & Gebeltová, Z., 2013. "Development of Market Prices of Agricultural Land within the Conditions of the EU," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 5(3), September.
    3. Chobotová, Veronika, 2013. "The role of market-based instruments for biodiversity conservation in Central and Eastern Europe," Ecological Economics, Elsevier, vol. 95(C), pages 41-50.

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