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Contracts and Rental Behavior in the Bulgarian Land Market: An Empirical Analysis

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  • Nivelin Noev

Abstract

This paper investigates the development of the land rental market in Bulgaria and how different factors affect contracting and land renting decisions of landowners and farmers. Our results reveal that contract conditions and property rights significantly affect land rental activities as well as other important household socioeconomic characteristics, given the imperfect access of rural households to capital and labor markets.

Suggested Citation

  • Nivelin Noev, 2008. "Contracts and Rental Behavior in the Bulgarian Land Market: An Empirical Analysis," Eastern European Economics, Taylor & Francis Journals, vol. 46(4), pages 43-74, July.
  • Handle: RePEc:mes:eaeuec:v:46:y:2008:i:4:p:43-74
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    References listed on IDEAS

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    1. Kamil Galuscak & Daniel Munich, 2003. "Microfoundations of the Wage Inflation in the Czech Republic," Working Papers 2003/01, Czech National Bank, Research Department.
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    4. David Card, 1995. "The Wage Curve: A Review," Working Papers 722, Princeton University, Department of Economics, Industrial Relations Section..
    5. David Card, 1995. "The Wage Curve: A Review," Journal of Economic Literature, American Economic Association, pages 285-299.
    6. David Card, 1995. "The Wage Curve: A Review," Working Papers 722, Princeton University, Department of Economics, Industrial Relations Section..
    7. Stephen Nickell & Glenda Quintini, 2003. "Nominal wage rigidity and the rate of inflation," Economic Journal, Royal Economic Society, vol. 113(490), pages 762-781, October.
    8. Kahn, Shulamit, 1997. "Evidence of Nominal Wage Stickiness from Microdata," American Economic Review, American Economic Association, pages 993-1008.
    9. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, pages 433-444.
    10. Winter-Ebmer, Rudolf, 1996. "Wage curve, unemployment duration and compensating differentials," Labour Economics, Elsevier, vol. 3(4), pages 425-434, December.
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    Cited by:

    1. Che, Yi, 2009. "Mismatch: land reallocations, recovery land rental and land rental market development in rural China," MPRA Paper 39794, University Library of Munich, Germany.

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