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Risk Sharing and Incentives in the Decollectivization of Agriculture

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  • Carter, Michael R

Abstract

In many countries, collective agrarian reform agriculture has decollectivized through th e subdivision, or parcellation, of large-scale farms into multiple sm all holdings. While parcellation can provide an escape from a low-eff ort-low-income equilibrium in the collective, it exposes individuals to empirically-significant risk. Analysis of institutional choice in agriculture shows that parcellation is a suboptimal resolution of the incentive-risk-sharing tradeoff. As an alternative, the paper propos es partial decollectivization which combines incentives and risk shar ing in a way consistent with static productivity and long-term agrari an reform goals. Copyright 1987 by Royal Economic Society.

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  • Carter, Michael R, 1987. "Risk Sharing and Incentives in the Decollectivization of Agriculture," Oxford Economic Papers, Oxford University Press, vol. 39(3), pages 577-595, September.
    • Handle: RePEc:oup:oxecpp:v:39:y:1987:i:3:p:577-95
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    1. Quiggin, John, 1995. "Common property in agricultural production," Journal of Economic Behavior & Organization, Elsevier, vol. 26(2), pages 179-200, March.
    2. Guirkinger, Catherine & Platteau, Jean-Philippe & Goetghebuer, Tatiana, 2015. "Productive inefficiency in extended agricultural households: Evidence from Mali," Journal of Development Economics, Elsevier, vol. 116(C), pages 17-27.
    3. Deininger, Klaus, 1995. "Collective agricultural production: A solution for transition economies?," World Development, Elsevier, vol. 23(8), pages 1317-1334, August.
    4. Guardado, Jenny, 2018. "Land tenure, price shocks, and insurgency: Evidence from Peru and Colombia," World Development, Elsevier, vol. 111(C), pages 256-269.
    5. Edward Simpson Prescott & Robert M. Townsend, 1996. "Theory of the firm: applied mechanism design," Working Paper 96-02, Federal Reserve Bank of Richmond.
    6. Chen, Jing & Rozelle, Scott, 2003. "Market Emergence And The Rise And Fall Of Backyard Hog Production In China," 2003 Annual meeting, July 27-30, Montreal, Canada 21969, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Gong, Yazhen & Bull, Gary & Baylis, Kathy, 2010. "Participation in the world's first clean development mechanism forest project: The role of property rights, social capital and contractual rules," Ecological Economics, Elsevier, vol. 69(6), pages 1292-1302, April.
    8. Matthieu Delpierre & Catherine Guirkinger & Jean-Philippe Platteau, 2019. "Risk as Impediment to Privatization? The Role of Collective Fields in Extended Agricultural Households," Economic Development and Cultural Change, University of Chicago Press, vol. 67(4), pages 863-905.
    9. Platteau, Jean-Philippe & Guirkinger, Catherine, 2019. "The dynamics of family systems: lessons from past and present times," CEPR Discussion Papers 13570, C.E.P.R. Discussion Papers.
    10. Erik Mathijs & Johan F. M. Swinnen, 2001. "Production Organization And Efficiency During Transition: An Empirical Analysis Of East German Agriculture," The Review of Economics and Statistics, MIT Press, vol. 83(1), pages 100-107, February.
    11. Josef C. Brada & Jose A. Mendez, 2009. "Technology, Effort and the Efficiency of Production: Labor-managed versus Capitalist Firms," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 7(1), pages 35-53.
    12. Sabates-Wheeler, Rachel, 2002. "Farm Strategy, Self-Selection and Productivity: Can Small Farming Groups Offer Production Benefits to Farmers in Post-Socialist Romania?," World Development, Elsevier, vol. 30(10), pages 1737-1753, October.
    13. Guirkinger, Catherine & Platteau, Jean-Philippe, 2015. "Transformation of the family farm under rising land pressure: A theoretical essay," Journal of Comparative Economics, Elsevier, vol. 43(1), pages 112-137.
    14. Goetghebuer, Tatiana, 2011. "Productive inefficiency in patriarchal family farms: evidence from Mali," Proceedings of the German Development Economics Conference, Berlin 2011 34, Verein für Socialpolitik, Research Committee Development Economics.
    15. Catherine Guirkinger & Jean-Philippe Platteau, 2014. "The Effect of Land Scarcity on Farm Structure: Empirical Evidence from Mali," Economic Development and Cultural Change, University of Chicago Press, vol. 62(2), pages 195-238.
    16. Mathijs, Erik & Swinnen, Johan F.M., 1996. "The Economics Of Agricultural Decollectivization In Central And Eastern Europe," PRG Working Papers 31868, Katholieke Universiteit Leuven, LICOS - Centre for Institutions and Economic Performance.
    17. Lerman, Zvi & Ruben, Ruerd, 2005. "Why Nicaraguan Peasants Remain in Agricultural Production Cooperatives," 2005 Annual meeting, July 24-27, Providence, RI 19243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. He Yiming & Luo Biliang & Zou Baoling, 2018. "Do Heterogeneous Agricultural Factors Affect Farmland Contractual Choice?—Evidence from China," Man and the Economy, De Gruyter, vol. 5(1), pages 1-12, June.
    19. Mathijs, Erik & Swinnen, Johan F M, 1998. "The Economics of Agricultural Decollectivization in East Central Europe and the Former Soviet Union," Economic Development and Cultural Change, University of Chicago Press, vol. 47(1), pages 1-26, October.
    20. Melmed, Joylne S. & Carter, Michael R., 1988. "The Economic Viability and Stability of "Capitalized Family Farming:" An Analysis of Agricultural Decollectivization in Peru," Staff Papers 200456, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    21. Rizov, Marian & Gavrilescu, Dinu & Gow, Hamish & Mathijs, Erik & Swinnen, Johan F. M., 2001. "Transition and Enterprise Restructuring: The Development of Individual Farming in Romania," World Development, Elsevier, vol. 29(7), pages 1257-1274, July.
    22. Gwendoline Promsopha, 2018. "Risk†Coping, Land Tenure And Land Markets: An Overview Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 32(1), pages 176-193, February.
    23. Mathijs, Erik & Swinnen, Johan F.M., 1997. "Agricultural Decollectivization in Central and Eastern Europe," 1997 Conference, August 10-16, 1997, Sacramento, California 197062, International Association of Agricultural Economists.
    24. Muller, Malte & Rommel, Jens, 2018. "Should I Stay or Should I Go? A Behavioral Approach to Organizational Choice in Tajikistan’s Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(3), September.

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