Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 364226
Title New compensation standard for land expropriation in China
Author(s) Zou, X.; Oskam, A.J.
Source China & World Economy 15 (2007)5. - ISSN 1671-2234 - p. 107 - 120.
DOI https://doi.org/10.1111/j.1749-124X.2007.00087.x
Department(s) Agricultural Economics and Rural Policy Group
MGS
Publication type Refereed Article in a scientific journal
Publication year 2007
Keyword(s) property-rights - takings - tenure - paid
Abstract This paper explores a new compensation standard for use in agricultural land conversion in China during the land-expropriation process, based on the market value definition. Assuming identical bargaining power between the buyer and the seller, efficient and equitable compensation is obtained through a market transaction and bargaining negotiation mechanism, under the assumpation of a perfect market. From the state-of-the-art viewpoint of land appraising, a practical approximation of the theoretical optimal compensation will provide an effective solution for China, under the current collective-owned land property rights structure.
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