Article ID Journal Published Year Pages File Type
5092555 Journal of Comparative Economics 2011 17 Pages PDF
Abstract
► Sub-optimal land allocation can result following privatization that establish formal but imperfect property rights, due to historical land ownership and legal constraints. ► Land in forced co-ownership in Bulgaria is 28-40% points more likely to be left abandoned or used by less efficient farm organizations. ► Co-ownership is related to significant and substantial welfare losses.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Property rights imperfections and asset allocation: Co-ownership in Bulgaria
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