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Analysing Agricultural Land Markets as Organisations: an Empirical Study in Poland
[journal article]
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 ... view more
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.... view less
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
DOI
https://doi.org/10.1016/j.jebo.2006.08.008
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)