Risk and De-collectivization in the Czech Republic

Dirk Bezemer ()

Development and Comp Systems from EconWPA

Abstract: The replacement of wage-labour farms by family farms in Central and Eastern Europe during the transformation has been more limited than was initially expected. In this paper a formal framework is developed in order to analyse the behaviour of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment. Management incentives, ownership structure, lump-sum transfers and consumption choices are shown to have the potential to limit the size of family farms relative to socialist-style farms. The hypotheses are tested with survey data collected by the author in the Czech Republic.

Keywords: transition; agriculture; structural chnage; risk; survey data (search for similar items in EconPapers)
JEL-codes: D21 D81 O18 Q12 (search for similar items in EconPapers)
Date: 2001-06-12
Note: Type of Document - WordPerfect; prepared on DELL PC ; to print on HP; pages: 33; figures: included
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpdc:0106002

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