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Risk and De-Collectivisation: Evidence from the Czech Republic

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Author Info
Bezemer, Dirk J.

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Abstract

The replacement of wage-labour farms by family farms in Central and Eastern Europe during the transformation has been more limited than was initially expected. In this paper a formal framework is developed in order to analyse the behaviour of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment. Management incentives, ownership structure, lump-sum transfers and consumption choices are shown to have the potential to limit the size of family farms relative to socialist-style farms. The hypotheses are tested with survey data collected by the author in the Czech Republic.

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Publisher Info
Paper provided by European Association of Agricultural Economists in its series 2002 International Congress, August 28-31, 2002, Zaragoza, Spain with number 24888.

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Date of creation: 2002
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Handle: RePEc:ags:eaae02:24888

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Related research
Keywords: transition; agriculture; structural change; risk; survey data; Risk and Uncertainty; D21; D81; O18; Q12;

References listed on IDEAS
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  1. de Janvry, Alain & Fafchamps, Marcel & Sadoulet, Elisabeth, 1991. "Peasant Household Behaviour with Missing Markets: Some Paradoxes Explained," Economic Journal, Royal Economic Society, vol. 101(409), pages 1400-417, November. [Downloadable!] (restricted)
  2. Barrett, Christopher B., 1996. "On price risk and the inverse farm size-productivity relationship," Journal of Development Economics, Elsevier, vol. 51(2), pages 193-215, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.

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