New compensation standard for land expropriation in China

X. Zou, A.J. Oskam

Research output: Contribution to journalArticleAcademicpeer-review

24 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)107-120
JournalChina & World Economy
Volume15
Issue number5
DOIs
Publication statusPublished - 2007

Keywords

  • property-rights
  • takings
  • tenure
  • paid

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