Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

The goal of this study is to assess households? labor allocation in the wake ofChina?s efforts to develop the rural labor market in a manner that is conductive toits transition to a market economy. Applying the agricultural household model asthe theoretical framework, we help to understand the...

China’s rural reforms expose farm households to the risk of administrative land reallocation and adjustment. The possibility of land reallocation gives rise to the problem of tenure insecurity which reduces farm households' incentives to invest in the land and to use the labor forces...

Concerned about national grain self-sufficiency and rural household incomes, in 2004 China announced that it was planning to reverse its longstanding policy of taxing farm households and instead began to provide them with subsidies. Over the past five years, annual announcements have trumpeted...

The goal of this study is to assess householdsâ labor allocation in the wake of Chinaâs efforts to develop the rural labor market in a manner that is conductive to its transition to a market economy. Applying the agricultural household model as the theoretical framework, we help to understand...

Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...