This study aims to clarify the firm in neo-institutional context. The firm is a particularly dynamic, constantly evolving process and an organizational structure. The firm is a symbiosis of entities, internal and external regulations, market and non-market mechanisms and relations, legal and...

The current article analyses the effects of the CAP that have been transposed into Bulgarian national legislation in the form of a procedure consolidating the property rights, production factors and economic organizations in terms of agricultural land use. The problem originates from the fact...

French Abstract: L’étude soulève la question portant sur l’impact de la législation découlant de la PAC de l’UE et du droit bulgare en vigueur concernant la concurrence sur les marchés du facteur primaire de production (les terres agricoles) et partant de là, sur les effets possibles...

This article combines law, behavioral and institutional economics in order to explain the existence of an “error” in the way the COVID-19 crisis has been managed. Bulgaria’s agriculture is in focus. The problem is presented as arising from the dualism of what is happening in the legal...

The theory of agricultural land mobility tries to answer the question whether or not it is possible to produce more and cheaper agricultural goods through land consolidation. Acquisition, inheritance, and in the Bulgarian case also the use of property of agricultural lands, are an instrument for...

The purpose of the current research is to introduce the New Institutional Economics (NIE) with the focus placed on Bulgarian agriculture. On the one hand, this includes the description of institutional impact on the separate actors, operating within agricultural organizations. On the other hand,...

Institutional conditions are reason for existing of actors, famous as "rent seekers". They have opportunities as they avail themselves of the non-market benefits, such as: (a) monopoly in the course of ordinary activities, (b) opportunities to profit from duplication of routine, administrative...

The Common Agricultural Policy of the EU (CAP) contains incentives for consolidation of resources and integration of organizations. The entire CAP follows the concept of efficiency achieved through product structure optimization and economies of scale. CAP imposes an advantage for the concept of...

The study aims to assess the dualistic impact of the rents and transaction costs on the farmers regarding agricultural land use. The theoretical framework is based on Rent-seeking (RS) theory and the Transaction cost of economics (TCE). The review of both doctrines explains the "outflow" or...

This article examines the institutional problems and new forms of rent - seeking in the tourism sector of Bulgaria in terms of changes in the impact of COVID-19 after the declared state of emergency in the country on March 13, 2020. The study applies: (1) analysis of search conditions on rent;...