Property Rights and the Nature of Chinese Collective Enterprises Academic Article uri icon


  • This paper offers a rationale for gradual privatization in transitional economies through studying property rights structures and the nature of Chinese collective enterprises. First, we pose a puzzle for existing theories of property rights, and then we provide a theoretical model for determining the optimal ownership arrangements for transitional economies. This theory argues that ownership arrangements should be functions of the varying degrees of imperfection of the institutional environment. Hence, collective enterprises actually may dominate private ownership in the middle of transition. Thus, to make the transition process smooth, the economic environment before massive privatization must be improved first.J. Comp. Econom., June 2000, 28(2), pp. 247-268. Texas A&M University, College Station, Texas 77843. 2000 Academic Press.

published proceedings

  • Journal of Comparative Economics

author list (cited authors)

  • Tian, G.

citation count

  • 58

complete list of authors

  • Tian, Guoqiang

publication date

  • January 2000