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Risk and De-Collectivisation: Evidence from the Czech Republic

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  • Bezemer, Dirk J.

Abstract

The replacement of wage-labour farms by family farms in Central and Eastern Europe during the transformation has been more limited than was initially expected. In this paper a formal framework is developed in order to analyse the behaviour of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment. Management incentives, ownership structure, lump-sum transfers and consumption choices are shown to have the potential to limit the size of family farms relative to socialist-style farms. The hypotheses are tested with survey data collected by the author in the Czech Republic.

Suggested Citation

  • Bezemer, Dirk J., 2002. "Risk and De-Collectivisation: Evidence from the Czech Republic," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24888, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae02:24888
    DOI: 10.22004/ag.econ.24888
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    References listed on IDEAS

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    Risk and Uncertainty;

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