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new compensation standard for land expropriation in china
Author(s): 
Pages: 107-120
Year: Issue:  5
Journal: China & World Economy

Keyword:  GetLinkList(KeywordFilter('China compensation standard land expropriation')'kw''CJFQ');
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.
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