An application of adverse selection: Rural agricultural production in China since the 1950s

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Abstract

Asymmetric information problems in collective rural agricultural production in China after 1955 is examined by applying the theory of adverse selection. This application shows the movement of equilibrium stages from a pooling contract to a separating one can explain the process of rural reform in China from the collective institution arrangement to the household responsibility system.

Original languageEnglish
Pages (from-to)915-917
Number of pages3
JournalApplied Economics Letters
Volume11
Issue number14
DOIs
Publication statusPublished - 2004 Nov 15

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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