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Registros recuperados: 4
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How Effective is the Invisible Hand? Agricultural and Food Markets in Central and Eastern Europe AgEcon
Hockmann, Heinrich; Brosig, Stephan; Popp, Jozsef; Wilkin, Jerzy; Juchniewicz, Małgorzta; Milczarek, Dominika; Ferto, Imre; Forgacs, Csaba; Juhasz, Aniko; Kurthy, Gyongyi; Hein, Piret; Hobbs, Jill E.; Nuppenau, Ernst-August; Brümmer, Bernhard; Zorya, Sergiy; Bakucs, Lajos Zoltan; Bojnec, Stefan; Svetlov, Nikolai M.; Hurrelmann, Annette; Maack, Kai; Hanf, Jon Henrich; Glauben, Thomas; Herzfeld, Thomas; Wang, Xiaobing; Balint, Borbala; Lerman, Zvi; Shagaida, Natalya; Benner, Eckhard; Wandel, Jurgen; Nivievskyi, Oleg; Kuhn, Arnim.
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 profit and utility maximisation (and a whole set of assumptions about the institutional framework), relative prices and their change over time provide the signals that guide, like an invisible hand, the allocation of resources, i.e., the structure of production and the intensity of input use in the various production processes. They do this by co-ordinating the activities of economic agents, i.e., of resource owners, producers, intermediaries, traders, and...
Tipo: Book Palavras-chave: Agribusiness; Community/Rural/Urban Development; Industrial Organization; International Development; Labor and Human Capital; Land Economics/Use; Political Economy.
Ano: 2005 URL: http://purl.umn.edu/93018
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Analysing Agricultural Land Markets as Organisations: An Empirical Study in Poland AgEcon
Hurrelmann, Annette.
In this paper agricultural land markets are regarded as organisations, which allows to take the effect of the social embeddedness of exchange into account. The markets-as organizations approach suggests that markets are governed by an internal "constitution" containing rules on dissemination of information, control procedures and sanctioning mechanisms that provide advantages to members. The design of the market constitution is believed to be strongly influenced by the constellation of actors and their characteristics. In order to investigate the validity of this assumption the study chooses a comparative approach that analyses the content of land market rules in settings with different actor constellations and tries to find out why they have been...
Tipo: Working or Discussion Paper Palavras-chave: Land Economics/Use.
Ano: 2004 URL: http://purl.umn.edu/18840
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Institutions and properties of the transaction: influences on land rental contract design in Poland AgEcon
Hurrelmann, Annette.
The article analyses influences on the design of land rental contracts in Poland. Attention is paid to the effect of both the properties of the transaction as identified in Transaction Cost Economics (asset-specificity, uncertainty, frequency) and the features of the institutional environment (legal as well as customary rules) as studied by the Economics of Property Rights. The conclusion is that institutional influences have a very strong effect and should not be disregarded in the explanation of contract choice.
Tipo: Journal Article Palavras-chave: Institutions; Transaction costs; Contract choice; Poland; Land market; Institutional and Behavioral Economics; Land Economics/Use.
Ano: 2005 URL: http://purl.umn.edu/97390
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How to Approach a Market? A Theoretical Concept for Defining and Describing Land Markets AgEcon
Hurrelmann, Annette.
Land markets have received a considerable amount of attention in economic literature. Since the treatment of the topic covers various approaches, areas, and questions, it seems desirable to attempt an overview of the results. This paper devises a way in which to present a complete picture of the land market by drawing together the various contributions. The first step is to establish a method by which a market in its entirety can be defined. It is suggested that the application of Oliver Williamson's "Four levels of social analysis" is an appropriate approach to be used in this endeavour. In the second step, the contributions to land market research are reviewed, according to Williamson's scheme, within four broad categories: (1) embeddedness, (2)...
Tipo: Conference Paper or Presentation Palavras-chave: New Institutional Economics; Land Markets; Sharecropping; Land Reform; Land Titling; Land Economics/Use.
Ano: 2002 URL: http://purl.umn.edu/24887
Registros recuperados: 4
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