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Economic framework for studying and assessing agrarian contracts

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  • Bachev, Hrabrin

Abstract

The achievements of the interdisciplinary New Institutional Economics are adapted and a holistic approach to the definition, classification, evaluation, and improvement of contracts and contractual relations is justified. Specificity of the economic study of agrarian contracts is summarized and a "new" approach for economic analysis, evaluation and improvement of agrarian contracts is presented. The later includes: (1) economic definition of agrarian contracts and characterization of their place in the system of agrarian governance as bilateral or multilateral agreements related to agricultural production and services; (2) economic characteristics of the agents participating in the contractual relations (interests, awareness, risk-taking, capability, tendency to opportunism, etc.); (3) economic characteristics of different types of agrarian contracts (for purchase and sale, hire of labor and resources, services, loan, insurance, marketing, coalition, etc.); (4) economic characterization of the agrarian contracting process (technological, transactional, institutional, etc. factors for managerial choice); (5) economic characterization of the outcome of the contractual process and the dominant governance order in the agrarian sphere (rule of law, rule of force, contractual structure, etc.); (6) characterization of the stages for the improvement of agrarian contracts and governance (identification of problems and failures of the market, private contracting, and public modes; needs and forms of new public intervention, etc.); (7) identification of needs and sources of new information for analysis and evaluation of agrarian contracts.

Suggested Citation

  • Bachev, Hrabrin, 2024. "Economic framework for studying and assessing agrarian contracts," MPRA Paper 121504, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121504
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    References listed on IDEAS

    as
    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    2. Hrabrin Ianouchev BACHEV, 2016. "A Holistic Approach for Assessing the System of Governance of Agrarian Sustainability," Journal of Economic and Social Thought, KSP Journals, vol. 3(3), pages 434-457, September.
    3. Bachev, Hrabrin, 2014. "Environmental Management in Agriculture – Case of Bulgaria," MPRA Paper 59054, University Library of Munich, Germany.
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    8. Hrabrin Bachev, 2013. "Risk Management in the Agri-food Sector," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 7(1), March.
    9. Bellemare, Marc F., 2015. "Contract Farming: What’s In It for Smallholder Farmers in Developing Countries?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 30(3), pages 1-4, September.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    agrarian contracts; agents; process; order; transaction costs;
    All these keywords.

    JEL classification:

    • K0 - Law and Economics - - General
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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