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Land Market With Fragmented Landownership Rights in Bulgaria: An Institutional Approach

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  • Dirimanova, Violeta

Abstract

The land restitution in Bulgaria led to a severe fragmentation in land ownership. This has an impact on the agricultural development and land market. The article investigates the land transactions on the sale and rentals markets. In order to explain the processes three new institutional economic theories will be employed: property rights theory, transaction costs theory and agricultural contract theory. First, the article reviews the appropriateness of each theory, and second, results of conducted survey in two regions of Bulgaria with different degrees of land fragmentation. Key words: Bulgaria, Contractual arrangements, Land fragmentation, Land market, Land transactions, Property rights

Suggested Citation

  • Dirimanova, Violeta, 2005. "Land Market With Fragmented Landownership Rights in Bulgaria: An Institutional Approach," 94th Seminar, April 9-10, 2005, Ashford, UK 24445, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae94:24445
    DOI: 10.22004/ag.econ.24445
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    References listed on IDEAS

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    1. Lerman, Zvi & Csaki, Csaba & Feder, Gershon, 2002. "Land policies and evolving farm structures in transition countries," Policy Research Working Paper Series 2794, The World Bank.
    2. Swinnen, Johan F.M., 1997. "An Explanation Of Land Reform Choices In Central And Eastern Europe," PRG Working Papers 31883, Katholieke Universiteit Leuven, LICOS - Centre for Institutions and Economic Performance.
    3. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    4. Guang Wan & Enjiang Cheng, 2001. "Effects of land fragmentation and returns to scale in the Chinese farming sector," Applied Economics, Taylor & Francis Journals, vol. 33(2), pages 183-194.
    5. Johan F. M. Swinnen, 1999. "The political economy of land reform choices in Central and Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(3), pages 637-664, November.
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    Cited by:

    1. Plamena Yovchevska & Mihaela Mihailova & Nina Koteva, 2022. "Land Use in Bulgarian Agricultural Holdings and the Common Agricultural Policy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 145-165.

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