Institutions and properties of the transaction:
influences on land rental contract design in Poland

Annette Hurrelmann

Published: 19.08.2005  〉 Jahrgang 54 (2005), Heft 6 (von 8)  〉 Resort: Articles 
Submitted: N. A.   〉 Feedback to authors after first review: N. A.   〉 Accepted: N. A.

ABSTRACT

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.
CONTACT AUTHOR
ANNETTE HURRELMANN
Humboldt-Universität zu Berlin
Landwirtschaftlich-Gärtnerische Fakultät,
Institut für Wirtschafts- und Sozialwissenschaften des Landbaus,
Fachgebiet Ressourcenökonomie
Luisenstr. 56, 10099 Berlin
Tel.: 030-20 93 67 22, Fax: 030-20 93 63 39
E-Mail: AHurrelmann@aol.com
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