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Zoltán Bakucs, Lajos
Fertő, Imre
Szabó, Gábor G.
Year of Publication: 
Series/Report no.: 
IAMO Forum 2010, Halle (Saale), June 16 – 18, 2010: Institutions in Transition - Challenges for New Modes of Governance
In this paper we present an empirical analysis of farmers' contracting choice in the Hungarian milk sector using 2005 milk producer survey data, employing transaction cost economics. We focus on analysing some key determinants of farmers' contracting choices: type of contracts, duration, number of contractors, incentives provided in the contract and business history of farmers and buyers. Some of the main results include the importance and effect of farm size, quantity of milk delivered, planned short and long run or contract related investment on farm, the possibility of farmer to influence prices on the contracting choices.
transaction costs
milk products
Document Type: 
Conference Paper

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