New Compensation Standard for Land Expropriation in China

Xiuqing Zou and Arie J. Oskam

China & World Economy, 2007, vol. 15, issue 5, 107-120

Abstract: This paper explores a new compensation standard for use in agricultural land conversion in China during the land‐expropriation process, based on the market value definition. Assuming identical bargaining power between the buyer and the seller, efficient and equitable compensation is obtained through a market transaction and bargaining negotiation mechanism, under the assumpation of a perfect market. From the state‐of‐the‐art viewpoint of land appraising, a practical approximation of the theoretical optimal compensation will provide an effective solution for China, under the current collective‐owned land property rights structure.

Date: 2007
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https://doi.org/10.1111/j.1749-124X.2007.00087.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:chinae:v:15:y:2007:i:5:p:107-120

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