ABSTRACT
The chapter analyzes important reforms around rural property rights. Contrary to simply assumptions that the ultimate endpoint of this experiment is classic private property rights, the analysis finds layers of nuance in the evolving design. Comparative analysis, contrasting the di piao, or land ticket, with the transferable development right, the authors find a novel type of policy instrument taking shape. Its design is not captured well by conventional typologies of public, private, common-pool resource, and club goods. Instead, it requires construction of a new type called a plenary good. The Chengdu experiment is also differentiated from a parallel experiment ongoing in Chongqing.
