Recent literature about gravity models points out the importance of institutional frictions in the international market of agricultural products beyond the traditional economics variables as transport costs reducing the mass of trade in bilateral relationships. In particular, previous...

The related questions of how tenants and landlords choose leasing contracts and how these contracts affect efficient allocation of resources continue to divide economists This article rejects answers suggested by transaction cost models developed by Cheung and by Ip and Stahl and argues that...

Recent literature about gravity models points out the importance of institutional frictions in the international market of agricultural products beyond the traditional economics variables as transport costs reducing the mass of trade in bilateral relationships. In particular, previous...

The main goal of this study was to analyze the soybean price transmission between different cities of MatoGrosso – MT, Brazil, considering the existence of transaction costs. This state was chosen due to its high production and soybeans processing capacity. In order to capture the...

The article presents the institutions of the grain product path (transaction costs, applied economics of contracts). The article presents the method of research. Due to limited space, the concrete facts, figures, and results are not presented. The aim of this paper is to identify the factors...

The EU Nitrate Directive has spurred many countries to regulate manure production and manure application. Farmers have three allocation options: spreading manure on their own land, transporting manure to other farmers' land or processing manure. The manure problem can be seen as an allocation...

Significant measures were undertaken by India and Pakistan to liberalize trade in 2012. In particular, Pakistan's policy to permit all items to be imported from India except for a few items was expected to bring about a quantum increase in India's exports. Similarly, India's efforts to address...

Abstract The ways in which cities function and are governed matter economically. While the growing literature on ‘global cities’ shows that city governments often pursue economic competitiveness, not much work has been done on whether the formal powers and competencies of cities and towns,...