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Risk and De-collectivization in the Czech Republic

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Author Info
Dirk J. Bezemer (Imperial College at Wye, University of London)

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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 EconWPA in its series Development and Comp Systems with number 0106002.

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Length: 33 pages
Date of creation: 12 Jun 2001
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Handle: RePEc:wpa:wuwpdc:0106002

Note: Type of Document - WordPerfect; prepared on DELL PC ; to print on HP; pages: 33; figures: included
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Web page: http://129.3.20.41

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Related research
Keywords: transition agriculture structural chnage risk survey data

Find related papers by JEL classification:
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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  1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-95, December. [Downloadable!] (restricted)
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