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

CUI Baomin; DENG Hongtu

doi:10.1007/s11459-009-0014-3

Front. Econ. China ›› 2009, Vol. 4 ›› Issue (2) : 250 -264. DOI: 10.1007/s11459-009-0014-3

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

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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

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CUI Baomin, DENG Hongtu. The nature of land property rights and contract options in institutional changes: A case study of cooperation economy. Front. Econ. China, 2009, 4(2): 250-264 DOI:10.1007/s11459-009-0014-3