Estimating internal transaction costs: the case of corporate dairy farms in Russia’s Moscow oblast

Nikolai Svetlov

Published: 18.11.2009  〉 Jahrgang 58 (2009), Heft 8  〉 Resort: Articles 
Submitted: N. A.   〉 Feedback to authors after first review: N. A.   〉 Accepted: N. A.

ABSTRACT

The paper develops a methodological framework for estimating internal transaction costs from observed input-output mixes and prices. The empirical model is a modified DEA. This framework is applied to corporate dairy farms located in Russia’s Moscow oblast. The estimates provided that internal transaction costs significantly distort the allocation of marketable output and in addition hamper the evolution of more efficient farm structures. Cutting the internal transaction costs should be a priority of regional and federal agricultural development.
CONTACT AUTHOR
PROF. DR. NIKOLAI SVETLOV
Russian State Agricultural University - Moscow
Timiryazev Agricultural Academy, Department of Economic Cybernetics
Timiryazevskaya ulitsa 49, Moscow 127550, Russian Federation
phone and fax: +(7)-495-975 08 35
e-mail: svetlov@timacad.ru
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