Value Objective, Game Analysis and Approach to Rule of Law for Comprehensive Supervision of Agricultural Natural Resource Assets in China

Wenfei Zhang () and Leilei Zhao
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Wenfei Zhang: College of Humanities & Social Sciences, Huazhong Agricultural University, Wuhan 430070, China
Leilei Zhao: College of Humanities & Social Sciences, Huazhong Agricultural University, Wuhan 430070, China

Sustainability, 2024, vol. 16, issue 23, 1-24

Abstract: The establishment of the Ministry of Natural Resources and the Ministry of Agriculture and Rural Affairs of China marks the integrated installation of centralized and unified supervision of agricultural natural resource assets. It is of great practical significance to explore comprehensive systems of supervision of agricultural natural resource assets with the aim of super-ministry system restructuring; this could provide support for the development of new quality agricultural productivity. This paper mainly discusses the value objective and the approach of the rule of law concerning comprehensive supervision of agricultural natural resource assets in China with the aim of super-ministry system restructuring and codification. It combines a normative analysis of law with an economic analysis to address the current laws and regulations concerning the supervision of agricultural natural resource assets and summarize the existing problems of the supervision system. From the perspective of game equilibrium, the paper explores the reasonable expected utility of multiple entities under comprehensive supervision of agricultural natural resource assets. The results show the following: (1) The value objective of comprehensive supervision of agricultural natural resource assets should include process-oriented, multi-participation asset accretion and technological innovation. (2) Different supervision departments have different objectives and interests with respect to taking risks. (3) From the perspective of game equilibrium, an effective balance between development and use and comprehensive supervision of agricultural natural resource assets calls for a reconstruction of the structure of rights (powers) and for practical systematic selection. Therefore, this research recommends that efforts to improve the legal systems of comprehensive supervision of agricultural natural resource assets in China should take comprehensive supervision legislation as an approach to solving the issues and should also take comprehensive central and local cohesion as realization mechanisms, highly integrated and coordinated in legislation, while allocating to various institutions responsibility for the efficient use of agricultural natural resource assets, and the protection of rural green ecological environment, to promote the revitalization of rural ecology, and the security of agricultural resources.

Keywords: agricultural natural resource assets; comprehensive supervision; process-oriented; game equilibrium; comprehensive legislation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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