Farm restructuring in post-communist transition countries has resulted in a broad range of farm types, such as cooperatives, companies, partnerships and sole proprietorships. This study examines which factors affect production organization choices of rural households with an emphasis on the role...

Over fifteen years have elapsed since the transition from the centrally planned economic system started in the early 1990âs. During this time agricultural and rural areas of Central and Eastern Europe have undergone profound structural changes with wide variations in the degree of...

This paper aims to provide empirical evidence relating to the importance of contract enforcement for development. Survey data on Hungarian farms are used to estimate the impact of contract hold-ups on investment. We find that investment is affected by a variety of factors. Contract breaches in...

Our conceptual model states that new individual farms may begin at a small, even sub-optimal, scale of production and then those farms that are successful will survive and grow, whereas those that are not will remain small and may ultimately be forced to exit from production. The samples of...

The new individual farmers face the necessity to decide on how much of their assets should be allocated to the individual farm, i.e. what should be the size and scale of operation. Starting from the Jovanovic's (1982) learning model we develop a theory an implication of which is that individual...