TY - EJOUR AB - The paper aims to present the importance that institutional arrangements play in the economic systems beyond the scope of one country. The authors attempts also to evaluate impact that the institutional arrangement of the European Union’s Common Agricultural Policy plays for the development of agriculture and rural areas in Poland. The paper argues that institutional arrangement of mechanisms and instruments of CAP, especially of single market and financial solidarity, leads participants of this system to obtain additional value not only in form of financial benefits, but also in form of economic profits resulted from uncertainty avoidance of free market. AU - Maciejczak, Mariusz AU - Grzelak, Paweł DA - 2014 DA - 2014 DO - 10.22004/ag.econ.205909 DO - doi ID - 205909 IS - 6 JF - Roczniki (Annals) KW - Agribusiness KW - International Relations/Trade KW - Political Economy KW - institutions KW - New Institutional Economics KW - institutional arrangement KW - Common Agricultural Policy L1 - https://ageconsearch.umn.edu/record/205909/files/16-6-Maciejczak.pdf L2 - https://ageconsearch.umn.edu/record/205909/files/16-6-Maciejczak.pdf L4 - https://ageconsearch.umn.edu/record/205909/files/16-6-Maciejczak.pdf LA - eng LK - https://ageconsearch.umn.edu/record/205909/files/16-6-Maciejczak.pdf N2 - The paper aims to present the importance that institutional arrangements play in the economic systems beyond the scope of one country. The authors attempts also to evaluate impact that the institutional arrangement of the European Union’s Common Agricultural Policy plays for the development of agriculture and rural areas in Poland. The paper argues that institutional arrangement of mechanisms and instruments of CAP, especially of single market and financial solidarity, leads participants of this system to obtain additional value not only in form of financial benefits, but also in form of economic profits resulted from uncertainty avoidance of free market. PY - 2014 PY - 2014 T1 - From Common Policy to Common Institutions. Institutional Arrangement in the International System on the Example of the Common Agricultural Policy TI - From Common Policy to Common Institutions. Institutional Arrangement in the International System on the Example of the Common Agricultural Policy TT - Od Wspólnej Polityki do Wspólnych Instytucji. Porządek Instytucjonalny w Systemie Międzynarodowym na Przykładzie Wspólnej Polityki Rolnej UR - https://ageconsearch.umn.edu/record/205909/files/16-6-Maciejczak.pdf VL - 2014 Y1 - 2014 T2 - Roczniki (Annals) ER -