Bachev, Hrabrin (2008): Governing of agrarian sustainability.
Download (81kB) | Preview
The new developing interdisciplinary methodology of the New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) is incorporated into agrarian sphere, and a framework for governing of agrarian sustainability suggested. It takes into account the role of the specific institutional environment (formal and informal property rights, and systems of their enforcement); and the behavioral characteristics of individuals (bounded rationality, tendency for opportunism, entrepreneurships, preferences, risk aversion etc.); and the transaction costs associated with protection and exchange of property rights; and the critical factors of each transaction (such as frequency, uncertainty, asset specificity, and appropriability); and the comparative efficiency of market, private, public, and hybrid governing modes. The discrete structural analysis is applied, and the principle forms for governing of transactions with specific critical dimensions specified. The cases of market and private sector failures are identified, and the needs for a third party (Government, international assistance etc.) intervention justified. The comparative advantages and disadvantages of different modes for public involvement (property rights modernization, regulations, taxes, assistance and support, public provision, hybrid modes) are assessed. The effective governance mix for public intervention in environmental transactions is presented.
|Item Type:||MPRA Paper|
|Original Title:||Governing of agrarian sustainability|
|Keywords:||Agrarian Governance; Governing of Agrarian Sustainability; Efficiency of Market, Private, Public and Hybrid Modes; New Institutional and Transaction Costs Economics|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q10 - General
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q18 - Agricultural Policy; Food Policy
|Depositing User:||Hrabrin Bachev|
|Date Deposited:||15. Mar 2008 17:05|
|Last Modified:||18. Feb 2013 15:45|
Bachev H. and A.Peeters (2005): Framework for Assessing Sustainability of Farms, in Farm Management and Rural Planning No 6, Kyushu University, Fukuoka, 221-239 Bachev H. and M.Labonne (2000): About Agrarian Innovations, Montpellier, INRA Bachev H. and M.Tsuji (2001): Structures for Organization of Transactions in Bulgarian Agriculture, Journal of the Faculty of Agriculture of Kyushu University, No 46 (1): 123-151 Coase R. (1960): The Problem of Social Costs, Journal of Law and Economics 3: 1-44 Dupraz P., K.Latouch, and F.Bonnieux (2004): Economic Implications of Scale and Threshold Effects in Agri-environmental Processes, 90 EAAE Seminar, October 27-29, 2004 Rennes Edwards C., R.Lal, P.Madden, R.Miller and G.House (editors), (1990): Sustainable Agricultural Systems, Soil and Water Conservation Society, Iowa ECOTEC (2001): Study on the Economic and Environmental Implications of the Use of Environmental Taxes and Charges in the EU and its Member Sates, ECOTEC Research and Consulting, Brussels Furuboth E. and Richter R. (1998): Institutions and Economic Theory: The Contribution of the New Institutional Economics, Ann Arbor, The University of Michigan Press Hagedorn K. (2002): Environmental Cooperation and Institutional Change, Cheltenham, Edward Edgar Hardin G. (1968): The Tragedy of the Commons, Science 162 North D. (1990): Institutions, Institutional Change and Economic Performance, Cambridge University Press Olson M. (1969): The Logic of Collective Actions: Public Goods and the Theory of Groups, Cambridge, Harvard University Press Williamson O. (1996): The Mechanisms of Governance, New York, Oxford University Press