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In China, where collectives own farmland but farmers may hold "use rights" to the land, a case can be made for a property rights system with incomplete security of tenure but with strong transfer rights, which permit "specialization without regret"-- so farmers can recoup the value of an investment even if they exit farming.
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Specialization without regret: transfer rights, agricultural productivity, and investment in an industrializing economy
1999, World Bank, Development Research Group, Rural Development
in English
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Edition Notes
Includes bibliographical references (p. 40-41).
"October 1999"--Cover.
Also available on the World Wide Web.
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