Risk and De-Collectivisation: Evidence from the Czech Republic

Dirk Bezemer ()

No 24888, 2002 International Congress, August 28-31, 2002, Zaragoza, Spain from European Association of Agricultural Economists

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: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 30
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae02:24888

DOI: 10.22004/ag.econ.24888

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