Decision making pattern of subsistence farmers in Bulgaria
AbstractEconomic 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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Bibliographic InfoPaper provided by EconWPA in its series Others with number 0409012.
Length: 14 pages
Date of creation: 15 Sep 2004
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Find related papers by JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
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- D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other
- D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
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