While transacting parties may find ways to avoid adverse effects of weak contracting institutions, radical reform reorganising the system of exchange can be very costly. We illustrate this by studying the economic consequences of the dislocation of the Polish dairy supply chain during...

Market liberalization in Central and Eastern Europe was targeted at establishing incentives that would improve economic performance. While substantial reorganization of enterprises is observed, firms can also be observed which devote resources towards establishing organizational legitimacy....

This paper deals with the estimation of a random coefficient model. The virtue of this approach is that it considers firm heterogeneity, which conventional SFA models do not. Applying the model to Polish farms, the results indicate that the conventional random and fixed effect models...

This paper deals with the estimation of a random coefficient model. The virtue of this approach is that it considers firm heterogeneity, which conventional SFA models do not. Applying the model to Polish farms, the results indicate that the conventional random and fixed effect models...

Even after more then ten years after the beginning of the transition process, Russian agriculture shows only limited sign of a recovery. Production has not reached the level of the pre-transition period and investment is still on a very low level. In this paper we use the "Theory of Induced...

We present and integrated supply and demand side analysis of climate change impacts on the agricultural sector from a European perspective based on a joint application of two European focused global partial equilibrium models. Results show that climate change would considerably affect...