The coordination plays central role in the economics. The conventional economic theory looks at the market and enterprise (or hierarchy) as two different, separated manner of coordination of economic goods and services. However the modern organization theory, price theory and institutional...

At the end of 2010 there are more than 100 new preferential trade agreements being contemplated. At the same time there are approximately 200 existing trade agreements whose provisions leave large additional potential gains from trade on the table. Despite these potential benefits, there appears...

I study the economic consequences of shifting bargaining power in relational contracts through interventions such as the formation of a Bargaining Group (BG) for the side of sellers in a market where buyers traditionally hold significant market power. Existing theories of relational contracts...

Reduction of carbon emissions from deforestation and forest degradation (REDD) has been identified as a cost effective element of the post-Kyoto strategy to achieve long-term climate objectives. The success of REDD depends primarily on the design and implementation of a financial mechanism that...

This journal is published by the International Food and Agribusiness Management Association. www.ifama.org

The objective of this paper is to explore the issue of artificial insemination (AI) services delivery in relation to livestock development by reviewing to the case of institutional and organizational arrangement in Bangladesh. It is argued that globalization and adaptation of open market economy...

Groundwater extraction can have varied and diffuse effects. Negative external effects may include costs imposed on other groundwater users and on surrounding ecosystems. Environmental damages are commonly not reflected in market transactions. Groundwater transfers have the potential to cause...

Perth, Western Australia (pop. 1.6m) derives 60% of its public water supply from the Gnangara groundwater system (GGS). Horticulture, domestic self-supply, and municipal parks are other major consumers of GGS groundwater. The system supports important wetlands and groundwater-dependent...

An increasing scarcity of water for crop farming and livestock watering among agropastoralists of Mieso in Eastern Ethiopia has largely disrupted their livelihoods. Indigenous water well maintenance and government initiated rainwater harvesting are two important collective actions common among...

The agricultural sector in Central and Eastern Europe (CEE) is confronted by two huge problems simultaneously: transition processes and sustainability. Institutions are very important for both these problems. The purpose of this paper is to make clear that the institutional setting is very...