Study on Agrarian Contracts in Bulgaria

This paper suggests a holistic framework for analysis of agrarian contracts and investigates the contractual structure in transitional Bulgarian agriculture. Firstly, it incorporates the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) and describes major mechanisms of governance of agrarian activity – institutional environment, market competition, private, collective and public order; and defines features of agrarian sale-purchase, lease, employment, service, loan, insurance and coalition contracts; and identifies technological, institutional, behavioral, dimensional, and transaction costs factors for contractual choice and specifies effective modes for contractual arrangements in agriculture; and determines the effective boundaries and sustainability of farm and agrarian organizations. Secondly, it analyzes the post-communist institutional and organizational modernization of Bulgarian agriculture, and assesses the efficiency of various modes for governing of land supply, and labor supply, and service supply, and inputs supply, and finance supply, and insurance supply, and marketing of output in different type of farms. Key words: mechanisms of governance, contract management, type of agrarian contracts, factors and efficiency of contractual choice, economic boundaries and sustainability of farm, transitional agriculture, Bulgari