The goal of this paper is to present the economic importance and the elements of the management of contractual relations of farm, and classify agrarian contracts and analyze their economic characteristics, and suggest approach for assessment of factors for and comparative efficiency of the...

The paper discusses various definitions of transaction costs and, in a sense, represents a review of existing theories. This involves an attempt at defining transaction costs in relation to information costs, implicit and explicit costs, ex ante and ex post transaction costs. We offer a...