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

Baomin Cui () and Hongtu Deng ()
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Baomin Cui: School of Economics, Nankai University, Tianjin 300071, China
Hongtu Deng: School of Economics, Nankai University, Tianjin 300071, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2009, vol. 4, issue 2, 250-264

Abstract: 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.

Keywords: cooperative economy; nature of land property rights; contract choice; collective property rights and its attribute; principle of efficiency supreme (search for similar items in EconPapers)
JEL-codes: D23 Q15 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:fec:journl:v:4:y:2009:i:2:p:250-264

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