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Risk Sharing and Incentives in the Decollectivization of Agriculture

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  • Carter, Michael R

Abstract

In many countries, collective agrarian reform agriculture has decollectivized through th e subdivision, or parcellation, of large-scale farms into multiple sm all holdings. While parcellation can provide an escape from a low-eff ort-low-income equilibrium in the collective, it exposes individuals to empirically-significant risk. Analysis of institutional choice in agriculture shows that parcellation is a suboptimal resolution of the incentive-risk-sharing tradeoff. As an alternative, the paper propos es partial decollectivization which combines incentives and risk shar ing in a way consistent with static productivity and long-term agrari an reform goals. Copyright 1987 by Royal Economic Society.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 39 (1987)
Issue (Month): 3 (September)
Pages: 577-95

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Handle: RePEc:oup:oxecpp:v:39:y:1987:i:3:p:577-95

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Cited by:
  1. Chen, Jing & Rozelle, Scott, 2003. "Market Emergence And The Rise And Fall Of Backyard Hog Production In China," 2003 Annual meeting, July 27-30, Montreal, Canada 21969, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Quiggin, John, 1995. "Common property in agricultural production," Journal of Economic Behavior & Organization, Elsevier, vol. 26(2), pages 179-200, March.
  3. Rizov, Marian & Gavrilescu, Dinu & Gow, Hamish & Mathijs, Erik & Swinnen, Johan F. M., 2001. "Transition and Enterprise Restructuring: The Development of Individual Farming in Romania," World Development, Elsevier, vol. 29(7), pages 1257-1274, July.
  4. Edward Simpson Prescott & Robert M. Townsend, 1996. "Theory of the firm: applied mechanism design," Working Paper 96-02, Federal Reserve Bank of Richmond.
  5. Matthieu Delpierre & Catherine Guirkinger & Jean-Philippe Platteau, 2012. "Risk as Impediment to Privatization? The Role of Collective Fields in Extended Agricultural Households," Working Papers 1211, University of Namur, Department of Economics.
  6. Lerman, Zvi & Ruben, Ruerd, 2005. "Why Nicaraguan Peasants Remain in Agricultural Production Cooperatives," 2005 Annual meeting, July 24-27, Providence, RI 19243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Deininger, Klaus, 1995. "Collective agricultural production: A solution for transition economies?," World Development, Elsevier, vol. 23(8), pages 1317-1334, August.
  8. Sabates-Wheeler, Rachel, 2002. "Farm Strategy, Self-Selection and Productivity: Can Small Farming Groups Offer Production Benefits to Farmers in Post-Socialist Romania?," World Development, Elsevier, vol. 30(10), pages 1737-1753, October.

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