Achieving optimal diversity at community level is a key in solving the rural development problem. In this essay rural development at community level and the impact of Common Agricultural Policy (CAP) reforms are analyzed in the framework of privately provided public goods models. It is shown...

This paper reviews and interprets existing information and transaction costs theories of firm organization and entrepreneur's role in order to provide a consistent explanation of the farm-sector dynamics in former communist countries. Important determinants of farm restructuring are economic...