Agricultural and Biological Sciences
8 years ago

Illegal Urban Development in China: Incomplete Property Rights Lead to Land Inefficiency.

Reasonable But Illegal:An Economics Analysis of Urban Residential Development of Incomplete Property Rights
Zhang Liang-yue

Paper Summary

The article discusses how urban residential development with incomplete property rights is a common issue in China. This leads to problems with land use and inefficiency. The main solution proposed is to create contracts between parties involved in land use to better define property rights and improve the system.

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