There have been continuous debates about the essence and levels of efficiency of farms and agrarian organizations, with an increasing focus on governance aspects in recent years. Nevertheless, most of the existing assessments are at a conceptual or qualitative level due to well-known...

Basic principles of the Translation Costs Economics have been incorporated to the agrarian economy. Agrarian transactions have been put on the centre of economic analysis. Critical dimensions of agricultural transaction have been determined. Structure of costs for alternative governance modes of...

In this paper an attempt has been made to identify dominant forms and factors for land supply in Bulgarian farms. The New Institutional and Transaction Costs Economics framework is adapted to transitional agrarian economy. Institutional, behavioral, and transaction costs factors for evolution...

This is the second paper from a series of articles on governing of different types of transactions in Bulgarian farming applying the framework of New Institutional and Transaction Cost Economics. It is based on a large scale microeconomic data from 194 typical commercial farms of different sizes...

The New Institutional and Transaction Costs Economics framework is incorporated to transitional Bulgarian agriculture, and level of sustainability of dominating subsistent farming, production cooperatives, small-scare commercial farms, and large agro-firms assessed. New framework for assessing...

This paper employs New Institutional and Transaction Costs Economics to analyze Bulgarian agriculture. It evaluates the efficiency of dominant governing forms on the eve of EU accession, and assesses the likely impact of CAP implementation on farming structures. Firstly, assessment is made on...

Sustainable development has become a major topic not only for economic science but in economic policy development. There is substantial literature dedicated to analyzing the different aspects of sustainability - economic, social, and/or ecological. Agriculture has been recognized as one of the...