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 language | English |
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Pages (from-to) | 915-917 |
Number of pages | 3 |
Journal | Applied Economics Letters |
Volume | 11 |
Issue number | 14 |
DOIs | |
Publication status | Published - 2004 Nov 15 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics