Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

This paper offers a novel institutional economics approach for conflict solving in meat industries. We show how to apply a bargaining model in case of: (i) economies of scale and strong competition favouring large scale production as well as high stocking supported by increased antibiotic use,...

Political procedures aimed at solving conflicts are becoming popular in agri-environmental economics. They are considered as substitutes for market trans­ac­tions. Ecological lobbying groups put pressure on poli­ticians to enforce ecological main structures, while farmers oppose them....

Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...