This book focuses on the transformation of the rural land system in China since the founding of the People's Republic of China over 70 years ago. Utilizing a comprehensive approach that includes theoretical modeling, empirical testing, questionnaire surveys, and case studies, the book aims to construct a unified analytical framework for dynamic institutional change that is based on New Institutional Economics (NIE) and incorporates recent advancements in behavioral economics. The authors construct a dynamic institutional change model based on the institutional change theory of NIE and the Prospect Theory (PT) of behavioral economics. The book summarizes and discusses the application and prospects of the behavioral institutional analysis method by using large-scale national rural household surveys and rich case studies of land system reforms such as the Household Responsibility System (HRS) reform, the "land certification" reform, and the "three trials" reform to test the theoretical model.
This book will be essential reading for academics, researchers, and students of land reform in China, and economists with an interest in new institutional economics, behavioral economics, land economics and the Chinese economy more broadly.
This book focuses on the transformation of the rural land system in China since the founding of the People's Republic of China over 70 years ago.
Chapter 1: Introduction,
Chapter 2: New Institutional Economics and
Behavioural Economics,
Chapter 3: A Theoretical Framework for Chinas Rural
Land Institutional Reform,
Chapter 4: Seventy Years of China's Rural Land
Institutional Reforms,
Chapter 5: Government Behaviour in Land Use Right
Reform I - Household Responsibility System Reform,
Chapter 6: Government
Behaviour in Land Use Right Reform II - No Land Reallocation Reform,
Chapter
7: Farmers Attitudes and Expectations: No Land Reallocation Reforms,
Chapter
8: Farmers Behaviour in Land Use Right Reform: Decision Biases in Land
Transfer Pricing,
Chapter 9: Farmers and Governments in Land Use Right
Reform: The Role of Social Capital,
Chapter 10: Land Transfer Right Reform I:
Balancing Efficiency and Equity,
Chapter 11: Land Transfer Right Reform II:
The Three Pilots Reform,
Chapter 12: Conclusions
Helen Bao is a Professor in the Department of Land Economy, University of Cambridge, UK.
Lei Feng is a Professor in the Department of Land and Real Estate Management, School of Public Administration and Policy, Renmin University of China.
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