This paper reviews the publication by BECKMANN, V. (2000): Transaktionskosten und institutionelle Wahl in der Landwirtschaft : Zwischen Markt, Hierarchie und Kooperation [Transaction costs and institutional choice in agriculture : Between market, hierarchy and co-operation].

The paper empirically investigates credit access and borrowing costs in Poland's rural financial market. We conduct an econometric analysis based on cross-sectional survey data including formal loans taken in the period 1997-1999. A hedonic regression of the effective interest rate, comprising...