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Decision making pattern of subsistence farmers in Bulgaria

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Author Info
Plamen Mishev (University of National & World Economy)
Philip Kostov (Queen’s University Belfast)

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Abstract

Economic research by and large is dominated by a ‘rationality’ paradigm. Economic decision making within this paradigm is viewed as a maximising procedure. In general the latter represents the decision-making as a choice amongst a well defined set of alternatives. In this paper we question this and analyse the options of the small-scale subsistence farmers in Bulgaria in the way they see them. By applying mental accounting methodology we deduce some significant characteristics of Bulgarian subsistence agriculture.

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File URL: http://129.3.20.41/eps/othr/papers/0409/0409012.pdf
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Paper provided by EconWPA in its series Others with number 0409012.

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Length: 14 pages
Date of creation: 15 Sep 2004
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Handle: RePEc:wpa:wuwpot:0409012

Note: Type of Document - pdf; pages: 14
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Web page: http://129.3.20.41

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Find related papers by JEL classification:
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other
D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Thaler, Richard, 1981. "Some empirical evidence on dynamic inconsistency," Economics Letters, Elsevier, vol. 8(3), pages 201-207. [Downloadable!] (restricted)
  2. Philip Kostov, 2004. "Transition, agricultural decommercialisation, and their implications for quantitative modelling," Others 0409008, EconWPA. [Downloadable!]
  3. Philip Kostov & John Lingard, 2004. "Modelling the effects of subsistence on Bulgarian agricultural performance," Computational Economics 0409002, EconWPA. [Downloadable!]
  4. Selart, Marcus & Karlsson, Niklas & Garling, Tommy, 1997. "Self-control and loss aversion in intertemporal choice," The Journal of Socio-Economics, Elsevier, vol. 26(5), pages 513-524. [Downloadable!] (restricted)
  5. Hoch, Stephen J & Loewenstein, George F, 1991. " Time-Inconsistent Preferences and Consumer Self-Control," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 17(4), pages 492-507, March.
  6. Samuelson, William & Zeckhauser, Richard, 1988. " Status Quo Bias in Decision Making," Journal of Risk and Uncertainty, Springer, vol. 1(1), pages 7-59, March.
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Philip Kostov & John Lingard, 2004. "Subsistence Agriculture in Transition Economies: its Roles and Determinants," Others 0410004, EconWPA. [Downloadable!]
    Other versions:
  2. Vassilev, Zlatan, 2007. "Evaluating the Financial Position and Performance of a typical Dairy Farm in Bulgaria," MPRA Paper 13982, University Library of Munich, Germany. [Downloadable!]
  3. Philip Kostov & John Lingard, 2004. "Rural Development as Risk Management," Others 0409013, EconWPA. [Downloadable!]
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