Covid-19 Measures. Institutional “Errors”, Transaction Costs and Adaptation in the Agriculture

This article combines law, behavioral and institutional economics in order to explain the existence of an“error” in the way the Covid-19 crisis has been managed. Bulgaria’s agriculture is in focus. The problem is presented as arising from the dualism of what is happening in the legal sphere; subjective decision-making models; challenges in assessing economic effects. In an institutional perspective, the levels of are measured: the quantitative changes of the rules; costs, as determining the individual choice, losses, etc. The adaptation of agriculture has been assessed.

# Agriculture # Covid-19 # measures # agriculture # transaction cost # adaptation

Minko Georgiev, Dafinka Grozdanova (2021). "Covid-19 Measures. Institutional “Errors”, Transaction Costs and Adaptation in the Agriculture". Икономика и управление на селското стопанство.