| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12344 |
| DP12344 Risk as Impediment to Privatization? The Role of Collective Fields in Extended Agricultural Households | |
| Jean-Philippe Platteau; Catherine Guirkinger | |
| 发表日期 | 2017-10-02 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | As in the case of cooperatives, collective fields in extended agricultural households act as an insurance device, but entail inefficiencies arising from the incentives to free ride on co-workers efforts. Privatization provides good incentives but decreases the level of risk-sharing. The classical analysis of this tradeoff rules out another major risk-sharing mechanism, namely income transfers. This paper is a first attempt to merge the two insurance mechanisms: collective production, which is plagued by free riding and income transfers, which are hampered by limited commitment. Privatization of land is shown to interact with incentives to abide by the insurance agreement, so that the tradeoff between risk-sharing and production may or may not be maintained with income transfers. We show that an increase in the value of the household members' exit option or a decrease in patience decreases the optimal rate of privatization, while larger households are more likely to privatize land. |
| 主题 | Development Economics |
| 关键词 | Land tenure Mixed farms Privatization Risk-sharing |
| URL | https://cepr.org/publications/dp12344 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541154 |
| 推荐引用方式 GB/T 7714 | Jean-Philippe Platteau,Catherine Guirkinger. DP12344 Risk as Impediment to Privatization? The Role of Collective Fields in Extended Agricultural Households. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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