The nature of land property rights and contract options in institutional changes: A case study of cooperation economy

in Frontiers of Economics in China
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This paper discusses an evolutionary process of rural collective property rights or agricultural cooperation economy in detail. We convince that both the evolution of the household contract system and the rural cooperation economy in the market elaborate the key position of property rights’ multi-attribute in the formation of contract structure and organization shape. If there were strong externality between several elements of household, the collective property rights should be chosen.

The nature of land property rights and contract options in institutional changes: A case study of cooperation economy

in Frontiers of Economics in China

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