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Analysing Agricultural Land Markets as Organisations : an Empirical Study in Poland

[journal article]

Hurrelmann, Annette

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Abstract Analysing markets as organisations governed by a network of relational contracts that establish rules for market participants increases our understanding of exchange processes. On the basis of three land market case studies in Poland, it is shown that market rules are shaped by the identity as well as constellation of actors and are designed to serve the common objectives of the members of the organisation “market” by decreasing transaction costs and protecting group interests.
Classification National Economy; Economic Sectors
Free Keywords Organisations; Markets; Agriculture; Land markets; Relational contracts; New institutional economics
Document language English
Publication Year 2008
Page/Pages p. 338-349
Journal Journal of Economic Behavior & Organization, 67 (2008) 1
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)