Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture

This paper incorporates interdisciplinary New Institutional Economics and suggests a framework for assessing needs and efficiency of economic organizations and public interventions in agriculture. Proposed new approach includes: studying farm and agrarian organizations as governing rather than production structure; assessment of comparative efficiency of alternative market, contract, internal, and hybrid modes of governance; analyzing level of transaction costs and their institutional, behavioral, dimensional, technological and natural factors; determination of effective horizontal and vertical boundaries of agrarian organizations; specification of economic role of government and needs for public interventions in agrarian sector; assessment of comparative efficiency of alternative forms of public involvement.