URBAN DEVELOPMENT UNDER AMBIGUOUS PROPERTY RIGHTS: A CASE OF CHINA'S TRANSITION ECONOMY

ZHU, JIEMING

INTERNATIONAL JOURNAL OF URBAN AND REGIONAL RESEARCH, n.º 1/2002, pág. 41

1. Introduction. 2. Property rights and development. 3. Genesis of ambiguous property rights - decentralization of state ownership and the institution of danwei. 4. Rapid urban development in transitional Shanghai. 5. Property oversupply driven by asset appropriation. 6. Coalition and competition for asset appropriation - a property market structured by ambiguous property rights. 7. Conclusion.