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Courts And Contract Enforcement In Agricultural Transition - Theory And Evidence From Poland

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Author Info
Beckmann, Volker
Boger, Silke

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Abstract

The paper investigates theoretically and empirically the role of courts for contract enforcement in transition agriculture. We develop a theoretical model, based on the costs and benefits of court enforcement that captures the boundary between contracts to be judged as court "enforceable" and "not-enforceable" and, simultaneously, identifies the threshold of taking legal action. The empirical analysis based on a survey of 306 Polish hog farmer conducted in 1999 strongly supports our model.

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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2003 Annual meeting, July 27-30, Montreal, Canada with number 22213.

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Date of creation: 2003
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Handle: RePEc:ags:aaea03:22213

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Keywords: Agribusiness;

References listed on IDEAS
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  1. Simon Johnson & John McMillan, 2002. "Courts and Relational Contracts," Journal of Law, Economics and Organization, Oxford University Press, vol. 18(1), pages 221-277, April.
    Other versions:
  2. Gow, Hamish R & Swinnen, Johan F M, 1998. "Up- and Downstream Restructuring, Foreign Direct Investment, and Hold-Up Problems in Agricultural Transition," European Review of Agricultural Economics, Oxford University Press for the Foundation for the European Review of Agricultural Economics, vol. 25(3), pages 331-50.
  3. Klein, Benjamin, 1996. "Why Hold-Ups Occur: The Self-Enforcing Range of Contractual Relationships," Economic Inquiry, Oxford University Press, vol. 34(3), pages 444-63, July.
  4. Gow, Hamish R & Swinnen, Johan F M, 2001. " Private Enforcement Capital and Contract Enforcement in Transition Economies," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 83(3), pages 686-90, August. [Downloadable!] (restricted)
  5. Kandori, Michihiro, 1992. "Social Norms and Community Enforcement," Review of Economic Studies, Blackwell Publishing, vol. 59(1), pages 63-80, January. [Downloadable!] (restricted)
  6. Gow, Hamish R. & Streeter, Deborah H. & Swinnen, Johan F. M., 2000. "How private contract enforcement mechanisms can succeed where public institutions fail: the case of Juhocukor a.s," Agricultural Economics, Blackwell, vol. 23(3), pages 253-265, September. [Downloadable!] (restricted)
  7. Kali, Raja, 1999. "Endogenous Business Networks," Journal of Law, Economics and Organization, Oxford University Press, vol. 15(3), pages 615-36, October.
  8. Kathryn Hendley & Peter Murrell & Randi Ryterman, 1998. "Law, Relationships, and Private Enforcement: Transactional Strategies of Russian Enterprises," Electronic Working Papers 98-001, University of Maryland, Department of Economics. [Downloadable!]
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  9. McMillan, John & Woodruff, Christopher, 1999. "Dispute Prevention without Courts in Vietnam," Journal of Law, Economics and Organization, Oxford University Press, vol. 15(3), pages 637-58, October.
  10. Fafchamps, Marcel, 1996. "The enforcement of commercial contracts in Ghana," World Development, Elsevier, vol. 24(3), pages 427-448, March. [Downloadable!] (restricted)
  11. Greif, Avner, 1993. "Contract Enforceability and Economic Institutions in Early Trade: the Maghribi Traders' Coalition," American Economic Review, American Economic Association, vol. 83(3), pages 525-48, June. [Downloadable!] (restricted)
  12. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-41, August. [Downloadable!] (restricted)
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This page was last updated on 2009-11-26.

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