Price Signal of Tilled Land in Rural China: An Empirically Oriented Transaction Costs Study Based on Contract Theory
Prices are effective signals of many market conditions, while underpricing of tilled land in rural China poses a dilemma to this common sense. Using <i>n</i> = 191 imputed contracts in rural China, this paper aims to investigate the role of ambiguous property rights in the context of agr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-08-01
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| Series: | Land |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2073-445X/10/8/837 |